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Five Stars Florida

Florida's leading home loan mortgage resource - USDA, FHA, VA

By Five Stars Mortgage | Mortgage Broker
or Lender in 32257
  • Mortgage Application Document checklist

    Posted Under: Home Buying in Saint Lucie County, Financing in Saint Lucie County, Credit Score in Saint Lucie County  |  May 22, 2012 4:10 PM  |  574 views  |  No comments

    Preparing for mortgage application is important, especially for Florida first time home buyers. Many want to be pro active and prepare for that big step of homeownership in advance.  You might ask what type of paperwork will be needed during the mortgage loan application and approval process?  Below we have listed the most common items needed when applying for a Government loan like 100% USDA, FHA or VA here in FL.

    • (2) most recent years of W2s and tax returns will be needed.
    • (2)  most recent  pay stubs will be needed to document year to date earnings.
    • (2) most recent tax returns.
    • For retired home buyers – 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  source of the deposit. This includes gift funds which may be used with FHA, VA and USDA Rural housing loans.
    • Copy of drivers license and social security card or passport.
    • Name and number or landlord for verification on rent.
    • Name and number of homeowners insurance agent.
    • For VA home buyers-  a copy of certificate of eligibility from VA will be needed.

    Additional items may be needed after loan application, but this list will cover most home buyers.  Questions about mortgage financing in Florida? Let us help by visiting www.FiveStarsMortgage.com  or by calling 800-871-2636 7 days week.

    Covering all of Florida 7 days week including 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.

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