Resources

Loan Preparation Guide


Whether you are a first-time homebuyer or are simply ready to make a change, it's a good idea to prepare for the loan process beforehand. Here is a detailed list of the information you will need for your loan approval.

Residence History


Employment History and Income History

If you are self-employed, you will need:

  • A year-to-date profit and loss statement
  • Current balance sheet

If retired or disabled, you will need:

  • An award letter
  • A copy of your most recent check for retirement, social security or disability income

If you were a student in the last two years, you will need a transcript or diploma.


Outstanding Loans and Credit Cards

All coupon books or most recent statement for every account you have open.

All savings, checking or investment accounts

  • Your most recent three months' bank statements for any IRAs, Koeghs, 401(k)s or profit sharing you may have
  • The name and address for each financial institution with which you have an account
  • All account numbers
  • The current balance or value for all accounts

All real estate currently owned

  • The property address
  • Estimated market value
  • Outstanding loan balance
  • The amount of your monthly payment
  • If applicable, the amount of your monthly rental income

By furnishing any and/or all of the documentation, an applicant is in no way obligated to accept the terms and conditions of the mortgage offered, nor does the borrower have to provide these documents to receive a Loan Estimate.

*Other criteria may apply

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