Financing: Info For Mortgage Application

If you are using mortgage financing to purchase and build your new custom Focus Home, here is a list of items that banks will be asking you for when the time comes to apply for a new home loan. This is a pretty universal list, but some lending institutions may have slightly different requirements. It’s a good idea to get this information organized and make it readily available to be the most prepared to begin your new home project with Focus Homes.
 
Needed mortgage application information:
 

  • – Pay stubs for the most recent 30-day period
  • – W-2’s and tax returns for the past 2 years
  • – Copies of the last 2 months of bank statements for all accounts including checking, savings, investments, 401k, etc.
  • – Residence address for the past 2 years including the land lord name and phone number if applicable
  • – Employer name, address and phone number for the past 2 years
  • – If self-employed or commissioned the last 2 years of personal and business tax returns as well as current year-to-date “profit and loss statement”
  • – Social security card
  • – Driver’s license
  • – Check for the credit report and appraisal order

 
If applicable the following items may also be needed:
 

  • – Divorce decree
  • – Bankruptcy papers
  • – DD214 discharge papers and / or Certificate of Eligibility (for VA loan applications only)

 
If you haven’t already done so, submit a FREE online pre-qualification now or call (863) 640-2246 to share your information over the phone with a Focus Homes expert today!