Most common documents needed to obtain a pre-approval letter are 1) Current one month paystubs if you are employed by some one as opposed to self employed 2) Two year W-2's and complete tax returns 3) Two months bank statements/retirement account statements/brokerage account statements. In addition you should be prepared to provide names/addresses of all employers that you worked for in the last two years, your citizenship status, last two year residence history, explanation for any late payments, other derogatory items on credit report. Your credit report will also be pulled by the individual you decide to meet for mortgage preapproval.
To determine who you should meet to obtain the mortgage pre approval, it would be best to ask for referrals from family & friends who have had a positive experience of going through this experience. The pre-approval should be done for free and by someone that you think will also be the individual who will eventually do your mortgage and get you through the closing. There are mortgage professionals at commercial banks, mortgage banks and mortgage brokers that you can chose from.
My contact information is given below if you need any assistance. If you find this information useful, consider clicking on BEST ANSWER.
Sanjeev Ahuja, NMLS #148731
Home Funding LLC
110 Jericho Turnpike Ste 214
Floral Park, NY 11001
Direct Phone 917-517-2552
NYS Registered Mortgage Broker, Dept of Financial Services, Loans arranged through third parties (NMLS # 885573)
Typically you can go to any financial institution or a mortgage broker and they can get you a pre approval, but you would need to give them some of your financial information and they will give you a pre approval letter if you qualify
I have an extensive list of Investors, Brokers and Realtors that I work with in your area. However, start the process right, 1st by talking to a Licensed Mortgage Professional to determine how much home you can afford and whether you are credit worthy and is there an ability to repay the loan. If you’re looking for a Mortgage Banker you can trust, please feel free to contact me for your free Pre-Approval.
First of all, please understand that it should not cost you any money at all to get a preapproval. You do not want a pre-qualification, make sure you're getting a full pre approval.
You will want to talk to a mortgage broker, a mortgage banker, mortgage banker broker, or banker, or more than one, to determine which way you want to go.
Do not allow more than one credit report to be run. Whomever runs your credit, should send you a full copy of your credit report and you can then share it with the others.
You will need to supply 3 years of income tax returns, three months of bank statements, 3 recent pay stubs, and probably some other items the mortgage loan officer will inform you of.
A full pre approval is typically contingent upon only a contract and an appraisal and makes you as good as a cash offer.
If you would like the names and contact information of any of the above stated loan officers, I will be happy to supply you with those I most often use.
I can be reached at Gail@GladstoneGroupRealty.com or 631.425.6150.
Bart Gabe - Lending Nationwide Since 1987
800 315 8803
I I also offer credit score improvement programs for free while we work on your mortgage.
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Robert L. Hanson
Gladewater National Bank
First Time Homebuyer Specialist
Direct: 240-752-7549 Cell: 301-651-7822
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