Bob Taylor Properties, Inc.
Telephone 323-257-1080
5526 N. Figueroa Street
Los Angeles,
California, 90042, USA
Email mail@bob-taylor.com
Mortgage Loan Application Checklist
The essential first step in the home buying process is a "prequalification" interview with a knowledgeable and experienced loan agent. This important first step will help you set the perimeters of purchase price and monthly costs. You can then make your home buying decision from a position of financial strength, with confidence that you have the ability to complete the purchase.
To expedite the process, you'll want to collect the as many of the following documents as possible to bring to your "prequalification" interview.
- YOUR IDENTITY
- Copy of Driver's License or State ID
- Copy of Social Security Card
- Copy of Resident Alien Card
- YOUR INCOME
- 2 current paystubs (most recent)
- 2 years W-2s (most recent)
- 2 years tax returns (most recent)
- If self-employed - current Profet and Loss Statement
- YOUR ASSETS
- Bank accounts: Name of bank, address, account number, balance
- Copies of 3 months bank statements (most recent)
- Stock and bonds, IRAs, Mutual funds (copies of most recent statements)
- If down payment is a gift - gift letter from donor
- YOUR CURRENT DEBTS
- Creditor's names, addresses, account numbers, balances due
- Name, address, account number, and phone of landlord or current mortgage
- 12 months canceled checks for rent or current mortgage
- If negative items on credit report, letter of explanation
- OTHER REAL ESTATE OWNED
- Present value
- Balance due on mortgage: Name, address, account number of mortgage holder