RE: "To be approved for a loan: what documents I need to submit to mortgage lender?â€
What you need to provide is based on your income sources; see the following Buyer's Document Checklist at http://docs.Steven-Anthony.com/BDC.pdf
The answer is "All of them." Whatever your lender asks for, give them. One of the major reasons loans are denied or delayed is a borrower not providing all the documents required.
The minimum is typically 2 years taxes, 3 month bank statements.. all pages of all accounts, and 30 days of pay stubs. You may also have to explain any unusual activity in your accounts regarding unusual deposits or expenses.
The better job you do providing what your lender requests, the better job they can do getting your loan approved and your terms favorable. Best of luck.
Past (2) years of your W-2's
Recent Bank Statements
Recent Credit Card Statements
Last (2) paystubs or copies of recent paychecks
The lender will run your credit report
Each lender has different requirements but I would recommend going in OVER prepared. You will be surprised to see how much information lenders need in today's market to approve you. If you want more information feel free to contact me. Good luck!
The documents you would need are on the link below.
In addition the Purchase Contract would be necessary.
Mortgage pricing vary on a daily basis. You will have to wait to get the rate of 3.250 or pay to get that rate.
I do loans only in California.