Getting a pre-approval can speed up the home buying process and make your offers more attractive to sellers. This will not only let you know that you can get a loan, but also tell you how much you are pre-approved for.
How to get pre-approved.
Be prepared for you pre-approval. There are a few things that you will need to provide.
- Pay stubs from the past 30 days showing your year-to-date income
- Two years of federal tax returns
- Two years of W2 forms from your employer
- 60 days or a quarterly statement of all of your asset accounts, which include your checking and savings, as well as any investment accounts such as CDs, IRAs, and other stocks or bonds
- Any other current real estate holdings
- Residential history for the past two years, including landlord contact information if you rented