Step 3: Gather the Documents / Take a look at your Assets and Monthly Expenses
Your lending institution will ask you to give a complete profile of your financial situation. In addition to your income, your
existing assets and debts will determine how much money that you can borrow.
Below you'll find a list of documents you may be required to produce regarding your financial situation when you speak to a
lender. It is a good idea to gather these things now and have them on hand. You will need to provide this information for all
primary and coborrowers.
• Social Security Number
• W2 Forms from the previous two years
• Pay Stubs (most recent months)
• Employment History Summary
• Bank statements for checking and savings accounts (past
3 months)
• Creditor Information. This includes debts like:
• Student Loans
• Auto Loans
• Credit Cards
• Child Support Payments
• Federal Tax Returns (for the past 2 years)
• Complete Record of Assets
• Stocks, bond, and investment accounts
• IRA / Retirement plan
• Life insurance policies
• Automobiles owned
• Construction loan
• Gift letters
• Documentation of other income
Improving any of these areas will help you qualify for
better lending terms, so keep that in mind before you
speak with a mortgage professional. If it's possible to pay
off a car loan or a credit card balance before you seek
financing for your new home, the preferential financing
terms that you could receive may save you thousands of
dollars over the life of your mortgage.
Step 4: Talk to a Qualified Lender
After looking at this information for yourself, it's time to speak to a qualified lender. A professional advisor will not only be
able to give you information on the best rates and terms available in the current market, but he or she can also explain to you
what options you have given your unique financial situation.
Talking to a lender at this time will help you get a more accurate idea of what you can afford. If you're still looking for a
qualified and experienced lending professional, I'd recommend you speak to any of the loan officers below:
Joan Jardine & Tyler Jardine Wayne Barni
US Lending Choice One Funding
Office: 530.224.6830 Office: 530.224.6707
jardineteam@uslendingcompany.com wbarni@msn.com
Heidi Meeks David Van Gerpen
BANC Home Loans Summit Funding
Office: 530.224.0807 Office: 5307229109
Heidi.Meeks@banchomeloans.com dvangerpen@summitfunding.net