One of the first steps you will do when you think about buying a home is talk with a mortgage broker to get preapproved for a home loan. As a real estate agent, I am often the first contact for home buyers and I am often asked how to get preapproved for a home loan. Your real estate agent can refer you to a trusted lender but you can choose your own lender. Most mortgage brokers will ask you for the following information to get your preapproval started.
You will need to do or provide the following:
- Complete a credit card authorization to pull credit
- Most recent 2 months bank statements
- Most recent quarterly statement of mutual funds, stocks, etc., if you will be using these funds for down payment or closing costs
- Most recent 30 days’ pay stubs, showing year to date income
- Last 2 years W2’s and tax returns, all pages and schedules
- Copy of Driver License
- Contact information for homeowner’s insurance agent
- Depending on your unique situation, your lender may ask for additional documentation
If you have any questions or would like a referral to a mortgage broker in the Greater Seattle Area, please contact us.
Kerstin G. Brooks
Brooks & Heinze Real Estate Team
Email: info@propertyinseattle.com
Kerstin G. Brooks, Broker 