BUYING INFO  |  PURCHASING PROCESS  |  LOAN OPTION  |  INFO NEEDED  |  CONDO AND HOA  |  HOMEOWNER'S INSURANCE  |  MORTAGE CALCULATOR

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Prepare for your Loan

Your lender will likely need the following information in order to begin the loan process.

o Address History

A seven-year address history that includes names, addresses, and phone numbers of landlords

o Employment History

Two-year employment history that includes names and addresses of all employers, a copy of the most recent pay stub, and W-2 forms for the past two years. If commission-employed, federal returns from last two years; if self-employed, federal tax returns, profit and loss statements for last two years

o Bank Account Information

Banks names and addresses, account numbers, current balances, and last two or three months' account statements for checking, savings, and investment accounts

o Existing Debt

Monthly payments and balances for debts and liabilities, mortgages, personal and auto loans, credit cards, and student loans. Creditors' names, addresses, phone numbers and account numbers

o Child Support Verification

Child care information, including names, addresses, monthly expenditure, verification of amount, and terms of child support and/or alimony payments and/or income

o Payment Required

During application appointment, the buyer should be prepared to provide a personal check for property appraisal and credit report

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