Homebuyer Guide

Speed Up the Approval Process

If you’re anxious to have your loan approved - to lock in a rate, take advantage of a special opportunity, or for whatever reason - you can help, speed the approval process by knowing the documents you need, and having them ready and neatly organized. Remember people process loans, not machines.

Document Checklist

• Exact name(s) in which the title is to be held
• List of who you owe money to and the amounts
• Property access information for appraisers
• Names and addresses of current, recent employers
• Recent pay stubs from each employer
• Recent Federal tax returns, including all schedules (up to 3 years)
• Names and account numbers for financial institutions where you have deposits
• Recent financial statements (if you are self-employed)
• Rental agreements to verify rental property income
• Copies of court decrees stipulating child support, alimony income, and property settlement
• Verification of your own down payment source (e.g., gift, sale of property)
• Copy of existing note on a 2nd mortgage loan (if applies) Name and address of Homeowner’s Association (for condominium)
  

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