Preparing for mortgage application is important, especially forÂ Florida
first time home buyers. Many want to be pro active and prepare for that big step of
homeownership in advance.Â You might ask what type of paperwork will be needed during
loan applicationÂ and approval process?Â Below we have listed the
most common items needed when applying for a Government loan like 100%Â USDA, FHA or VA here in FL.
- (2) most recent years of W2s and
tax returns will be needed.
- (2) Â most recent Â pay
stubs will be needed to document year to date earnings.
- (2) most recent tax returns.
- For retired home buyers â€“ Social
security, pension and retirement income will be documented with the most
recent award statements.
- Any additional income like
disability, child support or alimony must be supported with documentation
that shows the amount and that it will continue for a least 3 years from
the time of closing.
- Overtime and bonus income will be
averaged for the past 2 years.
- Copies of last (2) months most
recent banks statements, all pages front and back.
- Copies of (1) most recent
investment statement, 401k or IRA, etc.
- Any large deposits in bank accounts
must be documented for show the Â source of the deposit. This includes
gift funds which may be used withÂ FHA, VA andÂ USDA Rural
- Copy of drivers license and social
security card or passport.
- Name and number or landlord for
verification on rent.
- Name and number of homeowners
- ForÂ VA
home buyers- Â a copy of certificate of eligibility from VA will
may be needed after loan application, but this list will cover most home
buyers. Â Questions about mortgage financing in Florida? Let us help by
or by calling 800-871-2636 7 days week.
Covering all of Florida 7 days week
includingÂ St. Lucie County & Martin County, Fort Pierce, Hutchinson
Island, Port St. Lucie, St. Lucie Village, Arundel, Hobe Sound, Hutchinson
Island South, Indiantown, Jensen Beach, Jupiter Island, Ocean Breeze Park, Palm
City, Sewall's Point and Stuart.