- Divorce Decree (if applicable)
- Discharge Papers (if applicable)
- Bankruptcy Papers (if applicable)
- Pay Stubs (one month)
- IRS W-2's (last two years)
- Tax Returns (last two years)
- Bank Statements (last two months)
- Authorization & $22 to pull your credit report
Sometimes the most frustrating part about getting a mortgage is simply the process itself. I have found that when I educate customers on the process as well as the loan that it is a smoother transaction.
The loan process involves many people. The process of buying a home starts with you: the customer. Most customers first go to a Realtor, who in turn, will send you directly to a lender. This isn't done to get rid of you. It is done so that you know how much home you can buy and what payment you can afford for your new home.
There are five steps to the loan process:
Step One : Getting Pre-Qualified or Pre-Approved
Step Two : Finding a Home
Step Three : Obtaining Financing
Step Four : Final Loan Approval and Closing Documents
Step Five : Escrow
