There can be a lot of unknowns when it comes to applying for a home loan

There can be a lot of unknowns when it comes to applying for a home loan

We’re here to ensure you’re taken care of every step of the way. To help give you an understanding of the home loan process, here are some basics that apply for most borrowers:

Gather Documentation

Even before you start the loan application, start getting your documents in order. Your loan officer’s goal is to clearly document your financial qualifications for the loan which you will be applying. In order to achieve this, the loan officer will ask you to provide some documentation that supports your income and assets, such as:

  1. Pay stubs
  2. W-2s
  3. Tax returns
  4. Bank statements
  5. Other documentation may be needed – this could include gift letters, receipts, deposit slips, etc. Some loans are stricter than others and we may need to know exactly where money is coming from. Where it is going is not always important, but the source will need to be explained for specific types of loans. Continue reading “There can be a lot of unknowns when it comes to applying for a home loan”