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Checklist

When applying for real estate financing, there are general documentation that lenders require of you to have. The requirements while generally same amongst lenders, may differ slightly. Here are the requirements that you should provide to your loan professional to enable the funding of your Purchase loan

Purchase Loan Requirements

  • 1. Signed Borrower’s Authorization form to run your credit.
  • 2. Copy of your Driver’s license and/or SSN card
  • 3. Fully completed Purchase Contract
  • 4. Hazardous/Flood insurance contact information
  • 5. Income Documentation, depending if full documentation (most employed clients) provide; W2s, 2 months bank statements, 2 months Paystubs, and/or 401k, IRA, Mutual Funds . However, if you are self employed, you will need 12 months bank statements, 1099, and/or 401k, IRA, Mutual Funds

Refinancing Loan Requirements

If the financing is a Refinancing of your existing property, you will need to provide the following;
  • 1. Signed Borrower’s Authorization form
  • 2. Driver’s license and/or SSN card
  • 3. Hazardous/Flood insurance contact information
  • 4. Tax Bill
  • 5. Mortgage statements
  • 6. Income Documentation, depending if full documentation (most employed clients) provide; W2s, 2 months bank statements, 2 months Paystubs, and/or 401k, IRA, Mutual Funds . However, if you are self employed, you will need 12 months bank statements, 1099, and/or 401k, IRA, Mutual Funds