Getting Pre-Approved for a Loan
To ensure that you are searching for homes that will fit your budget and what you can afford, it is critical to get pre-approval for a mortgage. A pre-approval is valuable as it means the lender has checked your credit and verified your documentation to approve a specific loan amount (usually for a particular period, such as 90 days). There are many benefits to owning your own home and the Angst Real Estate Team is ready to help you achieve your real estate goals.
Documentation You Need to Get Pre-Approved
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Copies of your W-2 Tax Returns or your business tax returns if you're self-employed — for the last two or three years for every person signing the loan.
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Provide at least one pay stub for each person signing the loan.
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Account numbers of all your credit cards and the amounts for any outstanding balances.
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Two to four months of bank or credit union statements for both checking and savings accounts.
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Lender, loan number, and amount owed on installment loans, such as student loans and car loans.
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Addresses where you’ve lived for the last five to seven years, with names of landlords, if appropriate.
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Brokerage account statements for two to four months, as well as a list of any other major assets of value, such as a boat, RV, or stocks or bonds not held in a brokerage account.
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Your most recent 401(k) or other retirement account statement.
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Documentation to verify additional income, such as child support or a pension.
Our Mortgage Calculator is another helpful tool to show you costs that could be associated with your new home purchase.
Click the link below to start our no-obligation, pre-approval process with one of our preferred lenders.
