Supporting documents are part of completing your opens in a new windowhome loan pre-qualificationopens PDF file . However, not each person applying for a home loan supplies the same Mortgage Pre-qual documents.
Phone: 602.435.2149
Email: Team@JeremyHouse.com
What Documents Will a Lender Need?
During your mortgage pre-qual certain income/asset and credit opens in a new windowsupport documents are required. Since everyone’s scenario differs, so too do the documents required for a pre-qual. However, below are lists of the typical documents for various scenarios:
Standard Mortgage Pre-qual Documents
Mortgage Pre-qual* documents needed varies in each scenario. However, below is a typical needs list for a home loan Pre-Qual.
- Most recent 2 years W2 formsopens PDF file if applicable
- Copy of a photo ID
- 2 months asset acct statements
- Most recent award letter for other income
- 1 month’s pay-stubs (most recent)
- Most recent mortgage bill(s)
- Recent 1 or 2 years federal tax returnsopens PDF file if applicable
- Additional documents as needed
Phone: 602.435.2149
Email: Team@JeremyHouse.com
Self-employed Mortgage Pre-qual Documents
While self-employed needs list often differs from a wage earner’s, typical documents required items are straight forward. For example, self employed borrowers commonly need to provide the following:
- Each of the items listed above that apply
- Most recent 2 years K1’sopens PDF file if applicable
- Most recent 1 or 2 years federal business tax returns if applicable
- Additional documents as needed
2 Basic Forms
In order to complete your home loan Pre-Qual, Arizona Mortgage Lenders also use these 2 forms. However, lenders send these forms at different times in the process. The HOUSE team provides these up front. In fact, waiting too long for either form may result in unwanted surprises in underwriting.
Team Phone: 602.435.2149
Team Email: Team@JeremyHouse.com
*A pre-qualification is not an approval of credit, and does not signify that underwriting requirements have been met