The Perfect Home Loan Application

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Present the Perfect Home Loan Application

Knowing how to present the ideal home credit application can help you begin your homeownership venture off on the right foot. Here are some useful tips to guarantee a smooth credit process. 

For a Smooth Process

An Inlanta Mortgage advance application is your initial step to homeownership! No documentation is expected to present a credit application, and you won’t be required to give it until you get a Loan Estimate, however assembling required data now can speed up the advance endorsement handle later. Required documentation will shift, however for the most part, here is the thing that we will require:

  1. YOUR EMPLOYMENT AND INCOME INFORMATION
  • 2 years employment history including job titles, dates of employment, employer’s address, and phone numbers
  • Letter of explanation of any changes in employment
  • Pay stubs for the most recent 30 days
  • Copies of W-2s for the last 2 years
  • Copies of federal, personal, and business tax returns for previous 2 tax years, including all W-2s, 1099s, K1s, and all schedules. If filing an extension, please provide extension

 

  1. YOUR RESIDENCE INFORMATION
  • 2 years residence history, including addresses, dates, and phone number for landlord if renting
  • If you currently own a home, please provide the most recent mortgage statement
  • Name and phone number of your homeowners insurance agent

 

  1. BANK and OTHER STATEMENTS
  • Latest 2 months or quarterly bank explanations for all checking, reserve funds, and speculation accounts (all pages, regardless of the possibility that clear)
  • Latest 2 months or quarterly 401K/Retirement explanations (all pages, regardless of the fact that clear)
  • Duplicate of wiped out Earnest Money check when it clears your ledger, alongside latest bank explanation demonstrating check clearing
  • Non-finance stores—we should confirm the source and get clarification for non-finance stores to your records, including any exchanges between records (make duplicate of any check you store)
  • In the event that APPLICABLE TO YOU, THE BELOW ITEMS MAY BE NEEDED
  • Complete separation order and/or partition papers
  • Divorce settlement/kid bolster wage; confirmation of receipt might be required
  • Chapter 11 release papers (counting filings, release, and rundown of loan bosses)
  • In the event that accepting Retirement or Social Security wage, grant letter and verification of receipt might be required
  • In the event that any part of your up front installment or shutting expenses is coming as a blessing, please call us, in light of the fact that the documentation required for endowments is genuinely exhaustive
  • When we pull your credit, we may require a marked letter of clarification and/or documentation for any request and/or slanderous credit