Pre-approval Checklist
The following checklist is required to ensure a smooth preapproval and loan application process.
Here's what you'll typically need based on your situation.
All clients must have a valid copy of state ID or driver’s license. Check your ID’s expiration date.
W-2 Employees. Buying a New Home,
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Last 2 pay stubs. If you are paid weekly, please have your last 4 pay stubs.
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Last 2 months consecutive bank statement from checking and savings accounts. Even blank pages of the statements are required
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Last 2 years W2’s
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HR phone number where verification of employment may be obtained
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2 years of work history (including: employer name, address, job title, length at your current employer)
Self-employed. Buying a New Home,
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Last 2 year’s of W2’s, 1099’s, K-1’s
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Last two years of tax returns. Make sure to include ALL pages and schedules
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If applicable, last 2 years of 1120’s or 1065’s
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Last 2 months of consecutive bank statements from checking and savings accounts. Even blank pages of the statements are required
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In some cases, current year’s P&L and Balance sheet may be required. We can discuss as the need arises
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In some cases, IRS tax transcripts may be required. We can discuss as the need arises
Refinancing. Additional Documents,
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Documents from the applicable W-2 or self-employed section
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2 most recent mortgage statements
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Current homeowner’s policy
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If there is an HOA, a document confirming the amount and frequency of the HOA payment.