Tuesday, January 5, 2010

What do we need for an application?

What do you need to bring in when you are filling out an application for a loan?

Driver's License
Social Security Card
Pay stubs for the last 30 days (If you are paid weekly, we would need 4. If you are paid bimonthly, we would need 2.)
Bank Statements for the past 60 days(or past 2 months)
W2's for the past 2 years
If you are self-employed or have business expenses that are not reimbursed by your company, you will need to bring in federal tax returns for the past 2 years.
If you have rental property, you will need to bring in lease agreements.

The lender will run your credit report and start proceedings to get your loan approved.

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