To shop for a home loan...
- Copies of a government issued photo ID
- Pay stubs (one month’s worth is required, if you can – pull together 2 months)
- W-2’s/tax returns, two years’ worth
- Bank (both savings & checking account) statements & investment account statements, three months’ worth
- Some lenders will require a paper trail on rent paid, if that is the case — use copies of cancelled checks for the last 12 months of rent payments
- List of consumer debts (car payment, student loans, outstanding credit card debt), include the monthly payment & balance of each account
- Certificate of eligibility for VA benefits (if applicable)
While you have everything together, make copies and create a couple packets to make shopping for a mortgage at a handful of local banks easier.