You never have applied for a mortgage before. A little unsure of the process and what will be needed to ensure a simple process? You are not the first, nor the last person we will meet that will have these questions.  That is why we created this document to assist in the loan application process.

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Buying a home is not so difficult in Western New York; especially if you know what is going to happen along the way. Before you start looking at houses and falling in love with the perfect Western New York home, apply for your mortgage and at least get a pre-approval. This will allow us to ensure you are seeing WNY 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.

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If you are not purchasing your Western New York 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 WNY home mortgage application. Having all of this information when you initially meet with your mortgage professional will speed the process along!

EMPLOYMENT DOCUMENTATION

• Most recent two years complete tax returns with all schedules.
• Most recent two years W-2’s, 1099’s, etc.
• 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

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Interested in purchasing a home in WNY?  Call me at (716) 743-5297 or fill out our contact form below:

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