Michigan First Time Home Buyers: Preparing Your Documents
I find that the first hurdle a First Time Buyer faces is getting their paperwork together. I am not sure why, but honestly this simple task dissuades many people when they start to apply. Perhaps following this list and having it ready at the outset will help the process seem smoother.
Last two years of W-2s or Tax Returns. If you can’t find them, you can always contact your employer, your tax preparer, or the IRS for a copy.
Most recent month of pay stubs. 1 month worth…the most recent available.
Most recent 2 Months of bank statements. If you don’t get paper statements, you can print your online statements, but you will need to take them to your bank to get verified and stamped.
Most recent 401k statement. (If you have one.)
Copy of your driver’s license and social security card. The Patriot Act requires us to check these.
Have these items ready to go before you look for a loan officer and DO NOT trust anyone that will try to quote you a payment or interest rate before they even see your basic documentation! That means they are making promises with no intention of keeping them, a true professional will verify your documents and approved you before making an guaranties.
Last two years of W-2s or Tax Returns. If you can’t find them, you can always contact your employer, your tax preparer, or the IRS for a copy.
Most recent month of pay stubs. 1 month worth…the most recent available.
Most recent 2 Months of bank statements. If you don’t get paper statements, you can print your online statements, but you will need to take them to your bank to get verified and stamped.
Most recent 401k statement. (If you have one.)
Copy of your driver’s license and social security card. The Patriot Act requires us to check these.
Have these items ready to go before you look for a loan officer and DO NOT trust anyone that will try to quote you a payment or interest rate before they even see your basic documentation! That means they are making promises with no intention of keeping them, a true professional will verify your documents and approved you before making an guaranties.
For More Information- Call Today or Visit Our Website:
810-953-4266 or http://www.iconmortgagelending.com/
810-953-4266 or http://www.iconmortgagelending.com/
Comments