Before beginning your search for Charlotte area real estate, it is wise to first contact a bank or mortgage broker. This is an opportunity to shop for rates, to familiarize yourself with the various programs that may suit your needs, and to help you decide how much home you can afford.
Then once you contract on a home, in order to process your residential mortgage loan application for the purchase of your new home, the lender will need some or all of the following information. Please gather this information to take with you to your loan application appointment.
- Last 2 years W-2’s.
- If self-employed, bonus’ or commissioned, or employed by a family member, last 2 years of tax returns. (Corporate returns and a current profit & loss statement may also be required.)
- Current pay stubs covering the most recent 30-day period.
- 3 most recent bank statements; all pages of all accounts, including Brokerage, IRA, etc.
- Original copy of contract for home being purchased and photocopy of contract for current residence, if being sold.
- Copy of lease agreement on any rental property owned.
- Separation agreement or divorce decree, if applicable.
- Corporate Relocation Package, if applicable.
- A check to cover the Appraisal, Credit Report and Courier Fee. Depending on the lender you chose, the amount will vary but should not exceed $400.
- DD214 and certificate of eligibility of applying for a VA loan.
- Copy of your driver’s license(s) and social security card(s) if applying for an FHA loan.
Please contact us for one of our trusted lenders or contact a lender you know like your bank after all it doesn’t cost you anything. They will assist you with your loan application or any questions you may have in reference to getting a home loan.