To buy a house you will need to start meeting with a lender. Here are the items that you will need during the process. You will most likely need these items for both the borrower and the co-borrower.
General:
- Picture ID
- Social Security Numbers
- Application Fee (payment)
- Credit Report Fee (payment - reports will be pulled from all three credit agencies)
Income:
- Name, address, phone number, and employment dates of employer(s) for the past 2 years
- Copy of most recent pay stub
- w-2 forms or signed income tax returns, with all schedules for the past 2 years
- Verification of other income (child support, retirement, social security, etc)
- Lease Agreements on any rental properties
Assests:
- Bank statements for the past 3 months
- Investment or retirement account statements for the past 3 months
- Titles of any owned automobiles (including boats, RV’s, and motorcycles)
- List of any major household item(s) of value
- Life insurance policies (face amount, monthly premium, and face value)
Creditors:
- Letters of explanation for any bad debts (for any bankruptcy bring discharge and schedule of creditors)
- Landlords (name and address) for the past 2 years
- Mortgage loans for the past 2 years (proof of sale, or current property address, lender name, lender address, lender phone number, account number, monthly payment, and balance owed)
- Child care expenses (name, address, phone number)
Other (if applicable):
- Divorce decrees, propery settlements, quit claim deeds, and modifications
- VA Form DD214 and Cerfication of Eligibiltiy
- Retirement and Social Security Award Letter
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