Applying for a Mortgage

Families and individuals planning to purchase a home should properly prepare to shop for their mortgage loan. Organizing the information you will be providing to potential lenders means you'll be prepared when it's time to Pre-Qualify or Apply for your loan.

Lender Documentation Requirements Typically Include:

• W-2 tax forms and tax returns for the last 2 years
• Names, addresses, and phone numbers of your employers for the past 2 years
• Bank account numbers, address of your branch and current balances
• Statement of current assets and liabilities

Assets Include:

• Real estate owned
• IRA accounts
• Stocks, bonds, certificate of deposits
• Personal property

Liabilities Include:

• Current mortgage - amount owed and present monthly payments
• All loan creditors' name, addresses, and account numbers as well as the monthly payments made and account balances

If any of these apply, be ready to supply the necessary documentation:

• Copy of your Purchase Agreement and receipt for deposit
• If self-employed, your profit and loss statement for the last two years
• If you own investment rental properties, your federal tax returns and any information regarding the mortgages on those properties

Request Mortgage Prequalification Package

Real Estate Professionals from TheUSARealty.com will work for you diligently to help you maximize the value of your home sale while using their experience and ability to make your home sale a smooth and pleasant experience.