Buying Your First Home: What to Expect on Your Loan Application (Infographic)

Posted by Laine Smith on 1/22/17 9:54 AM

Topics: Home Buying

After pre-approval, compiling your loan application is one of the first official steps toward achieving home financing. You mortgage banker will have some paperwork for you and you will have to compile some paperwork for them to verify your employment, income, available funds and home you wish to purchase.

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Here’s a list of some items that are most commonly asked for when completing a loan application. Not all items listed are applicable to all borrowers and depending on each borrower’s circumstances and loan type, a lender may ask for more.

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Providing your mortgage banker with these documents in a timely manner will help keep the ball rolling on your home financing.

For more information about purchasing your first home, download our free Mortgage 101 Handbook.

Download: Mortgage 101 Handbook

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