Leave a comment »Thinking of Buying a La Jolla home? Start the Loan Application Now!
Have you applied for your La Jolla Loan yet?
Before you apply for that Mortgage on your new La Jolla home, we suggest that you start a file now with these items, originals whenever possible. By being organized you will be able to speed the process along.
Having these documents together will make getting your Mortgage Approval that much easier and you in your new La Jolla home so you can enjoy the sanctuary of your Master Bedroom, grilling in your backyard, and getting to know your La Jolla Neighbors! If you are in need of more information regarding purchasing a La Jolla home or who to call about obtaining a La Jolla Loan, please call us today!
- Your Credit Report, Banks run their own copy, but you need to get your own Credit Report to verify that it's squeaky clean, and fix it if it's not.
- Bank statements for the last 2-6 months. 3 months is typical.
- If you had a bankruptcy, collect all the paperwork together.
- Last 2 consecutive pay stubs. Get 60 days worth, some banks ask for more.
- Monthly statements or coupon books from loans you are paying off.
- Last 2 W2 Forms. Some banks ask for your previous 2 tax filings.
- Property tax statement from last year if you paid any.
- If you are a recent graduate, get your transcripts, they will ask for them.
- A form from your utility company stating that you are current on your bills. Most utilities have a standard form ready to fax out.
- Income from divorce, alimony, Social Security, gaming, lawsuits, inheritance.
- Your driver's license and social security card.
- Car titles, if you own your car 100%.
- Retirement plan statements for the last 3 months.
- Statements from your Stock, Mutual Fund, or IRA accounts.
- Any other 1099 forms that companies sent you for doing work for them.
- Your last 3 credit card statements showing nice low balances. They will check your credit report for this, but have it ready in case they ask for it.
- If any income is derived from ownership in a corporation, banks ask for the corporate tax return, even though earnings appear on your Schedule K. They verify income because if your down payment was from an illegal source, the government can seize your house, leaving the bank stranded.
- If you are doing a VA (Veterans Administration) Approved Mortgage:
- A certified copy of your DD Form 214 "Certificate of Release or Discharge from Active Duty".
- Within about 3 weeks VA will send you Form 26-8329 (CG) "Certificate of Eligibility for Loan Guaranty Benefits.
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Posted on August 08, 2009 07:22:15 by Marti Gellens
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