It is important you know your financial situation prior to starting your home search. Meeting with your Mortgage loan officer to get prequalified for a home loan can correctly set your home affordability expectations and will streamline the home buying process.
Always start with a pre qualification
The general documents needed for initial financing:
Application with all borrowers listed
Pay stubs, w-2s or other proof of income
3-6 months of bank statements and proof of assets
Credit History (we pull this with your approval)
Gift Letters (If down payment is being gifted by family)
Photo Identification of all borrowers
Renting history (If you do not already own a home)
