How To Qualify For A Home Loan - What The Bank Will Need To Get You Approved
2 years of the most recent tax returns and 1099’s (if you’re self employed) or W2’s.
90 days of most recent bank statements.
30 days of most recent pay stubs.
Copy of the front and back of drivers licenses for anyone that will be on the mortgage.
A signed copy of a borrower's authorization form to allow the lender to move forward with your file. The lender will provide you with this. This authorizes them to pull credit, work on your file, etc.
They may need other minor documentation specific to your situation.
For a reputable lender, the approval process takes 1-3 business days to review your file and approve it from the day you turn in all of your documentation. The approval process can be done over the phone and via email.
Recommendations For Home Loans
Steve Darnell Flagstar Bank
- Steve is the best in the nation with Flagstar and has helped hundreds of our clients over the years. Very competitive on interest rates and costs. If nothing else than a second opinion, Steve would be a great person to call.
Joe White VanDyke Mortgage
Other Reputable Options: Dart Bank, MSUFCU, Supreme Lending and Keller Mortgage