Loan Tips
Why get pre-approved?
A lender pre-approval scrutinizes every aspect of your creditworthiness and determines exactly how much you may borrow under a specific mortgage program. Not to mention the fact that it’s a great way to showcase your offer in a competitive market.
What you’ll need to start the mortgage process
You'll need to show your lender proof of income and verify this by providing:
- W-2’s from the last two years and your two most recent pay stubs
- Last two months of bank statements of all asset accounts
- If you're using gift funds for the down payment, you'll need to provide a gift letter proving the money isn't a loan
- Driver’s license and social security number