What Documents Do You Need to Get a Loan?

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Ruby with Pulaski Bank has graciously joined us today to talk a little bit about the mortgage process. She deals with potential buyers every day, but before she can get them pre-approved, she needs information from them. What are the documents that she needs from every buyer in order to get them approved for a mortgage?

First off, she needs your pay stubs, a full 30 days worth. She will also need two months worth of bank statements for all your accounts, that includes all the pages. Even if there are pages that are blank, they need them all for the underwriter so they can make sure nothing is omitted.

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Be prepared to bring copies of your tax return.

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Finally, Ruby will need your federal tax returns from the last two years, or a copy of the extension if you have recently filed one. She will also need your w-2s and 1099s for the last two years.

The biggest hiccup Ruby sees from buyers has to do with tax returns and borrowers not being able to find them. Unfortunately, there’s really nothing she can do in that situation, unless it’s possible to pull tax transcripts.

If you have any questions for Ruby, she can be reached at (316)-928-4455. If you have any questions for us at all, you know where to reach us. We look forward to hearing from you!