The Loan Documents Required

To be approved for a loan, you need to know the loan documents required for your sources of income, your debts, and your credit history.

You may have already given your lender the necessary information to at least pre-qualify you for a loan.

Now is the time to apply formally for a loan, filling out a complete application, and supplying us with documents that verify the information that you have given us.

Having the proper documentation makes the loan process much quicker and easier for everyone.

Below you will find the documentation that you should prepare when you are applying for a loan:

If your income comes from a salary:
• Original W-2’s for the past two years.
• Original paycheck stubs covering most recent 30 days

If you are self-employed:
• Tax forms for the past two years
• Your current account balance
• Declarations of Gains and Losses from the beginning of the year

If you have income from other sources:
• Pensions, etc. - Authorization letter(s)
• Real Estate Properties - Tax forms for the past two years - Rental contract(s)
• Other - Any proof that you are receiving other sources of income

If you have checking or savings accounts:
• Past three months’ statements

If you have co-borrowers who would like to be approved together with you for the loan:
• The name(s) of the co-borrower(s)

If you do not have a credit history, do not give up. Our Home Loan Consultants will do everything possible to help you get a loan:
• Gas and electricity payment receipts
• Telephone payment receipts
• Rent payment receipts
• Any evidence of regular and timely monthly payments you have made. This can include auto of life insurance payment receipts, furniture or jewelry payment receipts, catalog purchase payments, computer payments or encyclopedia payments.

For additional loan documents required for home purchase, click here.

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