What Documents Do I Need to Apply for a Mortgage?
The Tampa listing agents, Orlando listing agents, and South Florida listing agents and buyers agents at One Percent Guys Full Service Real Estate Agents are dedicated to making the home buying and selling process as easy as possible for our clients. One way we do this is by walking you through the mortgage application process.
We are continuing our series of articles discussing the documents you need to apply for a home mortgage. Our previous article covered how you will need to provide proof of income for the past two years via income tax documents, W-2’s, 1099’s, profit loss statements, and/or accounts receivable. We also discussed how you will need to provide a full list of any unpaid debts such as loans, credit cards, medical bills, etc. Today, we will look at more information you will need to have ready if you plan to apply for a home mortgage.
Miscellaneous Documentation
There are a number of additional documents and documentation you will need when you apply for your mortgage. Some of these include drivers licenses and social security cards of all parties applying for the mortgage, bank statements, investment account statements, information on alimony and/or child support, documentation related to any other properties you own, rental history, and letters for any down payment gifts you receive.
Explanation of Credit History
If your credit is average or poor, be prepared to provide a written explanation of any issues revealed on your credit report, high balances, past-due accounts, etc. Be sure to disclose any possible issues to your real estate agent and mortgage broker as soon as possible.
One advantage to working with a 1% real estate agent at One Percent Guys Full Service Real Estate Agents is that you can receive a closing credit of 1% of your loan amount when you use our exclusive program through Quicken Loans. So, with our one percent real estate promise, you will receive a 1% rebate on the purchase price of your home AND a 1% rebate on the mortgage amount! If you are in the market to purchase a home or want to sell your home, we can help. Give your friends at One Percent Guys Full Service Real Estate Agents a call today.
