What Documents Will I Need to Get a Loan?

Buying a home is one of the most exciting and rewarding things a person can do. We at Ali Safavi Real Estate know the feeling well. However, with that excitement comes the dread of paperwork. Luckily most of you will have a mortgage officer to help you in the process. If the mortgage officer is worth their salt, they’ll tell you what documents you need before even having to ask.

Each situation is unique, but you can count on needing at least these documents:

· Identification – either a driver’s license, passport, or official state/federal ID.

· Income – including 30 days of pay stubs, your previous two years of federal tax returns, your last two W-2s, proof of any additional income.

· Accounts – such as bank statements for the last two cycles, investment or retirement accounts.

· Property – a statement showing the settlement of your prior home if you had one.

· Additional documents – forms such as a gift letter from a family member helping financially, landlord contact info (if applicable), letter of explanation for such problems as credit issues, and divorce-related documents (if applicable).

Any questions?