Below is a list of documents that are required when you apply for a mortgage. Having the necessary financial documentation ready when you talk to our loan expert will speed up the mortgage process.
Every situation is unique and you may be required to provide additional documentation; our loan experts are ready to help you to determine what documentation you’ll need for your particular situation and to help close in a timely manner.
When you apply for a mortgage, we must access your credit report to know how credit worthy (or risky) you are as a borrower. Borrowers with high credit score are more likely to qualify for a larger loan, better loan options, and/or a more favorable interest rate . We’ll need your Social Security number and date of birth.
To make sure that you are able to make your mortgage payments, we need to see proof that you have a source of income. Following documents are usually required:
If self-employed or receive commission or bonus, interest/dividends, or rental income:
To qualify for a mortgage, you need to be able to show that you have some money for the closing costs. Acceptable sources of funds may come from:
The earnest money deposit is a deposit made by a buyer towards the down payment in evidence of good faith when the purchase agreement is signed. You may be asked to provide a copy of the earnest money deposit.
Homeowner’s insurance is used to verify that you’ll have sufficient coverage on the property when getting a mortgage. It covers any damages that may affect the home’s value.
Once you've begun the loan process, our loan expert will let you know exactly what documentation you'll need to get approved. If you would like to learn more about the process of getting a home loan, contact us at (786) 220-1100 or take the first step by getting pre-approved here for FREE!
Lending Bankers Mortgage LLC is an Equal Housing Lender. As prohibited by federal law, we do not engage in business practices that discriminate on the basis of race, color, religion, national origin, sex, marital status, age, because all or part of your income may be derived from any public assistance program, or because you have, in good faith, exercised any right under the Consumer Credit Protection Act. Disclaimer: Programs subject to change without notice. All borrowers must qualify per program guidelines.