06/29/2023
Getting pre-approved at the start of your home-buying journey shows sellers how serious you are and can strengthen your offer. A pre-approval letter is a powerful thing, so a lender needs to take an in-depth look at financial documents and run a credit check. You can get started on your pre-approval process today by gathering the necessary documents!
5 Documents You Need to Get to Your Lender for Pre-Approval:
1. Proof of income and employment (tax returns, pay stubs, bank statements)
2. Information on qualifying assets being considered (IRA statements, 401(k)s, other investments)
3. List of monthly debt payments with balances (auto, credit card, student, personal)
4. Credit history (credit reports and scores) and rental history, if applicable
5. Personal identification (license, passport, Social Security card)
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