Loan Documents Checklist
Today, there is much more documentation required to process a home loan and you need to gather your loan documents as soon in the process as possible to make life easier for yourself. Many first time home buyers think you need a couple of pay stubs, tax returns, and a few bank statements and presto chango! you are done with your loan and that couldn’t be farther from the truth. There is a detailed checklist of items and information you need to process your loan and you need to get pre-approved at least 60 to 90 days before you search for a home. This gives you plenty of time to address any issues you may have with your loan file and obtain all the documentation to get an approval on your loan.
I have had many first time home buyers start the loan process late in the game and they are missing several key items such as W2 forms, bank statements, and social security card which causes headaches and delays in processing their loans. They become overwhelmed by the process as they scramble for their lives trying to find lost documents in their apartment or tucked away in a storage box somewhere. You can breathe much easier if you start the process early and fill out the short pre-approval application. Our team will walk you through the steps, help you understand exactly what is needed from you to process your loan, and make your first home purchase a more pleasant and less nerve wracking experience.