The home process is a series of steps but the most important is providing the documents needed to obtain a mortgage. The lender will require the following documents so take a few minutes to find them before making an appointment to apply for a loan:
All the required documentation helps support your loan request. In some cases the lender may want additional information from the IRS and require to sign IRS Form 4506-T allowing the lender to get a transcript of tax returns from the IRS. The IRS transcript is compared to the copy of the tax return you provided.
You can also expect the lender to check your credit reports. If you have questions about your credit plan ahead and make an appointment with a lender to discuss your credit status and what steps you need to take to clear up any problems. Most lenders offer free simple credit counseling to smooth out any bumps before you apply for a loan. Remember lenders often run a 2nd (or 3rd) credit check just prior to closing so don’t do anything questionable -like buying a car or boat- until after the closing.
Additional Documents (may be required after the initial loan application)
The scout motto “Be Prepared” is a good description of how to handle all the different requests buyers get from lenders. It just part of the process and while irritating- you need to provide everything quickly or risk losing the loan.