If you are buying or refinancing
a home
If you are salaried: provide two
years W-2 and one month of paystubs
OR if you are self-employed: provide
two years tax returns and a YTD profit
and loss statement.
If you own rental property, please
provide rental agreements and two
years tax returns.
If you wish to speed up the approval
process, please also provide three
months bank statements for each bank,
stock and mutual fund account.
Provide recent copies of any stock
brokerage or IRA/401K accounts that
you may have.
If you are requesting a cash out refinance
please provide a letter explaining
what you plan to do with the proceeds.
Provide a copy of divorce decree if
applicable.
If you are NOT a US citizen, provide
us with a copy of your green card
(front & back), or if you are
NOT a permanent resident provide us
with your H-1 or L-1 visa.
Get Qualified
Getting qualified before you apply
for a loan can help you understand
how much you can borrow.
When buying a house, you may get pre-qualified
or pre-approved. You can typically
get pre-qualified over the phone or
on the Internet in a few minutes.
A pre-qualification is not as beneficial
as a pre-approval where you have to
go through a slightly longer process
which includes verification of your
credit, income, assets and liabilities.
It is highly recommended that you
get pre-approved before you start
looking for a house. This will help
you:
Find out the maximum house you can
buy, so you don't waste time looking
for properties you can not afford.
Puts you in a stronger position when
you are negotiating with the seller,
because the seller knows that your
loan is already approved.
Helps you close quickly, since your
loan is already approved
