What Lenders Need
By Realtor.org
Here are several items Lenders will be looking for when you apply for a home loan.
General
- Social Security numbers
- Divorce papers
- Green cards for resident aliens
- Employment verifications
- Two most recent paycheck stubs
- Tax returns for the last two years
- Three most recent bank statements
Assets
- Saving accounts (balances, account numbers, and institutions)
- Credit union (balances, account numbers, and institutions)
- Mutual funds (balances, account numbers, and institutions)
- IRAs or 401(k)s (balances, account numbers, and institutions)
- Equity in current home
- Cash flows from rental properties
- Pensions or annuities
- Alimony
- Life insurance — face amount and cash value
Debts
- Mortgage and home equity loans
- Monthly bills
- Credit card balances
- Student loans
- Car loans
- Alimony and child support payments