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Mortgage Requirements gg
Before you begin searching for your Charlotte area home, it is wise to contact a bank or mortgage broker, first.
This is an opportunity to shop for rates, familiarize yourself with the various programs that will suit your needs, and understand how much home you can afford.
Once you contract on a home, to process your residential mortgage loan application for the purchase of your new home , the lender will require some or all of the following information. Please gather and bring this information to your loan application appointment.
1. Last 2 years W-2's.
2. If self employed, bonuses or commissions, or employed by a family member, last 2 years of tax returns. (Corporate returns and a current profit & loss statement may also be required.)
3. Current pay stubs covering the most recent 30-day period.
4. Three most recent bank statements; all pages of all accounts, including Brokeragae, IRA, etc.
6. Original copy of contract for home being purchased and photocopy of contract for current residence, if being sold.
7. Copy of lease agreement on any rental property owned.
8. Separation agreement or divorce decree, if applicable.
9. Corporate Relocation Package, if applicable.
10. A check to cover the Appraisal, Credit Report and Courier Fee. Depending on the lender you chose, the amount will vary but should not exceed $400.
11. DD214 and certificate of eligibility of applying for a VA loan.
12. Copy of your driver's license(s) and social security card(s) if applying for an FHA loan.
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