Documents to gather before meeting with your Mortgage Professional.
Buying a home in Western New York is not so difficult if you know what is going to happen along the way. Before you start looking at houses and falling in love with the perfect home, apply for your mortgage and at the very least get a pre-approval. 
This will allow us to ensure you are seeing the homes that you can afford. There is nothing more frustrating to a Buyer than to fall in love with the absolutely perfect home only discover you cannot afford it.
If you are not purchasing your home outright with cash, part of that process is obtaining a Mortgage. Since applying for your Mortgage can be confusing, we have assembled a list of all the documents you will need for your home mortgage application. Having all of this information when you initially meet with your mortgage professional will speed the process along!
Mortgage Application Checklist
EMPLOYMENT DOCUMENTATION
-
Most recent two years complete tax returns with all schedules.
-
Most recent pay stubs covering one month period. If Applicable: Self-Employed will need Two years Tax Returns and YTD Profit & Loss Statement.
SAVINGS DOCUMENTATION
-
Most recent three months complete bank statements for both checking and savings accounts.
-
Most recent statement from retirement, 401k, mutual funds, money market, stocks, etc.
CREDIT INFORMATION
-
Most recent statements from your credit cards and other monthly revolving charges, indicating minimum payments and account numbers.
-
Copy of complete Bankruptcy and Discharge Papers.
-
You may be required to provide the origin of your down payment. If money for down payment is a gift from a relative, bring to the interview a copy of gift letter and copy of gift check. The gift letter states that the money will not have to be repaid.
RENTAL INFORMATION
-
Name, Address, and Phone number of your landlord
-
12 months canceled rent checks
PERSONAL INFORMATION
(for each applicant)
-
Copy of Drivers License
-
Copy of Social Security Card
-
Copy of complete Divorce, Palimony, Alimony Papers
-
Copy of Green Card or Work visa
Related Articles:
If you enjoyed this Buffalo Real Estate article, make sure you subscribe to my RSS feed! Daily updates to home sales market reports, homes for sale and helpful buying and selling articles are regularly posted on Buffalo Real Estate News. Colleen Kulikowski and the Best Buffalo Homes team of Keller Williams Realty is here to assist you with all of your home buying, selling and investing needs. Just call us today at (716) 650-0051!
The property information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.