To get pre-qualified for a mortgage, you typically need to provide certain documents that allow the lender to assess your financial situation. Keep in mind that the specific requirements may vary slightly depending on the lender, but here are common documents that are often requested during the pre-qualification process: NEEDED DOCUMENTS documents NECESSARY
Proof of Identity Valid government-issued photo ID, such as a driver's license or passport.
Credit Information Authorization for the lender to pull your credit report. Explanation of any negative items on your credit report, if applicable.
Proof of Income Recent pay stubs showing year-to-date earnings. W-2 forms or tax returns for the past two years. If self-employed, profit and loss statements and tax returns for the past two years. Employment Verification Contact information for your employer, including name, address, and phone number. Verification of employment, which may be a recent pay stub or a verification letter from your employer. Proof of Assests Bank statements for the past two to three months for all accounts, including checking, savings, and investment accounts. Statements for retirement accounts, such as 401(k) or IRAs.
Debt Information Information on current debts, including credit cards, car loans, student loans, and any other outstanding loans.
Other Financial Information
Alimony or child support documentation, if applicable. Proof of additional income, such as rental income or bonuses. Property Information If you already have a property in mind, you may need to provide details about it.
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