Ask the Expert. What documents do lenders usually need from me?
1. Residence address(es) past 2 years
2. Landlord or Mortgage Co., mailing address, account numbers and phone numbers for your previous 2 years residence
3. Employers’ names, address and phone numbers for the past 2 years
4. Most recent 2 months bank statements and any stocks, IRAs and 401K
5. Address and loan information on other real estate owned (if any)
6. Last 2 years W2 along with Federal Tax Returns and most recent 30 day pay stubs
7. Your personal check for the cost of the appraisal (approximately$ 350.00)
8. If self employed, last 2 years federal tax returns with all schedules, YTD profit and loss statement, balance sheet, and corporate and/or partnership returns
9. Copy of drivers license and social security card
Written by Diane Phillips (NMLS # 107944) part of the Diane Phillips/Michelle Cobb team at Homestar Financial Corporation.(NMLS # 70864) Homestar’s corporate headquarters is located in Gainesville, Georgia but Diane and Michelle have a local office and cater to the Mecklenburg/Gaston/Cleveland county areas. Diane is also licensed in SC. They have done several loans for me and my customers love them. She knows and has had experience with about every loan program out there. Diane is an educator and will tell you if she knows of a program that will work better for your situation. I always tell my clients, who have not done so, to be sure to find out your purchasing power before you start looking for that investment. Knowledge is Power and Diane will be glad to get you on the road to making that next purchase. Call Diane at 704 214-3344.
