| Birmingham Real Estate |
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| Birmingham Information |
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| Real Estate Resources |
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Common Home Loan Steps and Requirements
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Steps Needed For Home Loan Approval
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- W-2's for the past 2 years
- Most recent year-to-date pay check stub (within 30 days)
- Residence Address for the past two years, and landlord
information
- Name and Address of each Employer for the past 2 years
- 2 year tax returns, if self employed or commission
- Last 2 months of bank statements for all checking and
savings accounts
- Names, addresses, account numbers and monthly payments
on loans
- Address of other real estate owned
- Loan information on all real estate owned
- Check credit report (Cost is $50-$75)
- Home Appraisal (Cost is $350)
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Word of Warning:Every time someone pulls your credit, it costs you 5 to
10 points.
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To have loan approved does two positive things. | 1. Peace of Mind. In knowing exactly what you
can shop for, so you are not disappointed. 2. When you have your approval letter, your purchase offer
is like GOLD. | | |
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