Paperwork Needed

To apply for a loan, you will have to provide the lender with detailed documentation of your financial history. The lender will request a credit report from a credit agency and will verify the information provided in your loan application.

In most cases, be prepared to provide:

  • Social Security numbers for both you and any co-borrowers
  • Copies of checking and savings accounts statements for the past two months, including blank pages, and submit all statements received during the process to keep your file current
  • Evidence of any other assets such as bonds, stocks, or money saved in retirement programs (i.e. 401k or 403b program)
  • Recent paycheck stubs, including those received during the processing
  • W-2 withholding forms, or income tax returns for the past two years to verify your income and proof of employment
  • The name and address of someone who can verify your employment
  • Residence history for the past two years
  • Sales contract for the purchase of a new home
  • Homeowner’s association information with contact information if property is a condo or part of a homeowner’s association
 

Contact the professionals at Elite Financial to help you get a mortgage today.