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May 2019

 

Whether you are looking to buy or sell, I can offer the highest levels in real estate expertise and professionalism. Don’t hesitate to contact me and allow me to help guide you through that process!

Tamrah Pedrotti
Real Estate Salesperson
TamrahPedrotti.Realtor@gmail.com   |   C: 315.506.0450 / Ofc: 315.218.7171
http://www.TamrahPedrotti.com

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FINANCIAL ADVICE

Your Loan Application Checklist

When you apply for a loan, the lender will require the answers to certain questions and for you to provide specific documents. This is to make certain you’re put into the correct loan product, FHA, VA, Conventional, or other.

  1. What is the selling price and address of the home you’ve chosen? Provide a copy of the signed purchase agreement, if applicable.
  2. How much money are you planning to use as a down-payment?
  3. Where does the down-payment originate? Is it from savings, a gift or a loan?
  4. How long do you plan to occupy your new home? The lender will show you appropriate loan products between fixed rates, adjustable rates or a hybrid of the two.
  5. What is your anticipated closing date?

In addition, all lenders will require the following documentation:

  • Your Social Security number, to run your credit scores
  • Your address and contact information for your employer of the past two years
  • W-2s for the past two years and current paycheck stubs
  • Bank and savings information, including printed bank statements for the past six months
  • Revolving debt and loan accounts, and monthly obligations such as child support.
  • Personal assets such as a stock portfolio, CDs, other property, and 401ks.
  • Certificate of Eligibility and DD-214 (for veterans only)
  • Tax returns with 1099s for the past two years and current balance sheet for self-employed applicants

If you haven’t chosen a home yet, getting preapproved in advance will save you a lot of time and guesswork.

 
 
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5099 W. Genesee St. Camillus, NY 13031

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