Get Qualified

To get qualified for a home loan you will need the following information:

  • Employment information. Names, addresses and telephone numbers of all your employers for the last two years.
  • W-2s. These are the forms you get from your employer every year to file your income tax returns. Usually you will need to provide copies of your W -2s for the two most recent years. You may also provide other income information, such as social security, pension, interest or dividends, rental income, and child support or alimony, if you choose to have them considered. Self-employment income may also be considered.
  • Pay stubs. Provide your pay stubs that cover the 30-day period before the date of your mortgage application.
  • Federal income tax returns. If you are self-employed, or more than 25% of your income comes from commission, overtime or bonuses, you may need to provide complete copies of federal income tax returns you filed for the two most recent years.
  • Bank statements. You may need to provide statements from all your accounts (checking, savings, mutual funds, money markets, certificates of deposits, 401(k) or other retirement accounts) for the last two months to verify the exact amount of cash you have available for your down payment and other costs associated with your home purchase. For certain mortgage loans, a portion of the down payment may come from a gift from a family member or a grant from a local down payment assistance program.
  • Current debts. You'll need to provide the account numbers, current balances and the minimum monthly payments of all credit accounts, such as loans, credit cards, child support and other payments you make each month.

For Questions Contact Martha