Before your lender officially approves you for a loan, the bank will make sure you can afford the amount you’re asking for. You know they’ll run a credit check, so you’d be wise to check your credit and clear up any errors before applying for a loan.
But your lender will want a lot of other information about your financial life, too. These are just some of the documents you’ll need to provide to the bank when you apply for a mortgage:
- W-2 forms
- Or, if you’re self employed, 1099 profit and loss statements
- Pay stubs
- Bank statements
- Most recent federal tax forms
- Proof of rent or mortgage payments
- Information about your debts
- Information about your assets
- Information about other real estate holdings
You can keep the process moving by providing the documentation quickly and without making changes to it. Send all the pages of a document – even the blank ones. When a bank sees that a document has five pages, they want to see all five, even if the last one is blank.
