The Pre-Approval Process

Hey, guys! I wanted to follow up with the next step in purchasing your dream home!

That next step is pre-approval. Pre-approval is different than pre-qualification. During the pre-approval process a lender may ask you for the following:

1.    Social Security Numbers: If both you and your spouse are applying for the loan, the lender will require both social security numbers to run an accurate credit report.

2.    Copies of your past checking and savings account statements.

3.    Documentation of other assets such as stocks and bonds.

4.    Documentation of your recent earnings and contact information of someone who can verify.

5.    A list of all credit card accounts and their current balances.

6.    Copies of your past tax returns.

Each lender is different and they may ask for more documentation. If you have any questions, please give us a call. We’d love to help!