What to Expect During The Loan Process
You found a home! What is the next step? What’s the timeline and steps to make this a done deal? This 6-step simple guide to the mortgage lending process to make it easier for first-time home buyers to stay ahead of the process like a pro.
Loan Checklist
- Prior 2 years of Federal tax returns. Include applicable W-2's and 1099's
- For W-2 employees the most recent 30 days of paystubs
- For the self employed recent profit and loss statements
- Most recent 2 months of asset statements
- Current mortgage or property statements
- Any rental agreements for rental properties owned
- Completed mortgage application