What Information is required by a Lender?

When you are ready to apply for a home loan, there are documents you will need to provide to the lender.

Proof of your annual income:

Two of your most recent pay stubs; including anything that shows regular overtime, bonuses, or commission income.

Two years of W-2 statements.

If you are self-employed, you can use your latest profit and loss statement from your accountant.

Details of your expenses and debts:

Include any loans, credit card numbers and expiration dates etc.

It would be useful to have a list of your normal household expenses.

Evidence of your deposit:

2-3 months bank statements

Identification:

Passport, birth certificate, or driver’s license.

Lenders may require documents specific to their requirements but gathering these will move you one step closer to homeownership.  Having these collected when applying for a loan can save you time when securing a loan for a home purchase.