Banks and sellers nowadays require buyers to submit purchase offers with a pre-approval letter. Hence, buyers can save considerable time if they go through a pre-qualification process and obtain a pre-approval letter from a direct lender or a mortgage loan broker/officer before starting to look for homes. I work only with qualified loan officers who are up to speed with the latest development on home loans and can close escrow on time. The following documents are required up-front in order for loan officers to determine the Buyer’s qualifications.
Documentation Needed for Mortgage Pre-Approval:
- 2 years most recent Tax Returns (include all pages)
- 2 years most recent W2’s and any 1099’s
- 2 most recent pay stubs
- 2 months most recent bank statements from all accounts (include all pages)
- Legible Driver’s License and Social Security Card
- Mortgage Statements, Homeowners Insurance, Tax Bills & Lease Agreements (if applicable)