Required Paperwork

To apply for a loan, you will have to provide the lender with detailed documentation of your financial history. The lender will request a credit report from a credit agency and will verify the information provided in your loan application.

Be prepared to give your lender:

1. Social Security numbers for both you and any co-borrowers
2. Copies of checking and savings accounts statements for the past six months
3. Evidence of any other assets such as bonds, stocks, or money saved in retirement programs (i.e. 401k or 403b program)
4. Recent paycheck stubs
5. W-2 withholding forms, or income tax returns for the past two years to verify your income and proof of employment
6. A list of all credit card accounts and the approximate amount you pay each month
7. A list of account numbers and balances due on outstanding loans, such as car loans
8. The name and address of someone who can verify your employment
9. Residence history for the past two years
10. Sales contract for the purchase of a new home
11. Homeowner's association information with contact information if property is a condo or part of a homeowner's association