Items you will need when you apply for a loan:
If you receive a paycheck, you will need to provide current paystub as well as employment verification letter.
If you are Self Employed, you will need to provide current year Profit and Loss statement.
Federal Tax Returns (2 years). Please note, if you are purchasing a home between April and May, make sure you save a copy of your most recently filed tax return. The IRS can take up to 6 weeks to verify recent tax return filings.
A complete list of your Debts such as: credit cards, student loans, car loans and child support payments, along with minimum monthly payments and balances.
List of Assets such as: last 3 months of bank statements, mutual fund statements, real estate and automobile titles, brokerage statements and records of other investments or assets.
If you are currently leasing a home, the Lender would need proof of timely rent payments.