more often than not, if you are buying a home, you are using financing to do it. there are some things to keep in mind when qualifying for a home loan with a bank.
these are some of the things you will need to provide:
- previous 2 Pay Stubs
- previous 2 years W2 forms
- previous 2 years Tax Returns
- 3 Months Recent Bank Statements
- Contract to Buy & Sell (if you are already under contract)
- Social Security Card
- Home Addresses over last 2 years
things you do not want to do while qualifying and could effect your ability to do so:
- change your marital status
- change jobs
- switch banks or move money between institutions
- pay off existing accounts (unless lender tells you to do so)
- make a large purchase
- apply or open new lines of credit
We hope this helps & happy qualifying!