What are the initial documents that a loan officer would need to see to issue you a mortgage PRE-APPROVAL?
When visiting a loan officer, it's a good idea to arrive to your appointment with the documents that will help the lender determine your credit standing/worthiness, income, debts, current assets, and your current immigration status.
The initial documents that a loan officer would need to review, to issue you a mortgage pre-approval, boil down to the following basic listed items:
● Official ID: Driver's License/Passport
● Social Security card
● If not a US Citizen: green card/work authorization
● Pay stubs: Last 30 days
● Bank statements: Last 2 months
● W2 or 1099: Last 2 years
● Tax returns: Last 2 years
Upon reviewing your documents, based on your particular case, the loan officer might require that you gather and present other additional documents to complete your loan pre-approval. Other documents might include items such as a divorce decree, evidence of alimony, evidence of child support, evidence of retirement/pension funds, etc.
The more prepared you arrive to your initial pre approval appointment with the lender, the better is your likelihood of getting a loan pre-approval, on the spot that same day. Keep in mind that your current credit score, income and debts play an important part in a loan officer determining your credit worthiness.
If you need guidance in getting connected with our preferred loan officers, who hold an exceptional record in securing mortgage loans for our clients', then contact us at (678) 978.7476 in Metro Atlanta or at (912) 388.0011 in Savannah. We can help you get connected. Getting pre-approved first prior us showing you properties for sale is key in securing the home you want to call your own.
Beautiful Georgia Homes is a Real Estate boutique brokerage, ready to help you with the SALE of your house, and the PURCHASE of your next home. Call us!