It is easy to feel a bit overwhelmed by the number of documents you need to get approved for a mortgage. Fortunately, knowing the documentation you need ahead of time can help you get prepared, whether you are buying a home or refinancing a mortgage. Summit Funding will work with you and your lender to make the application process as easy as it can be.
Throughout the loan process, you will need to provide many types of documents to your lender such as information about your bank account, employment history, credit history, and more which is used to assess your risk as a borrower.
Once you are approved for a mortgage, an underwriter reviews the details of your application for a final inspection, carefully reviewing the documents you provide against the loan criteria. The underwriter will check that you can comfortably afford the loan and have the willingness to repay it. Each lender has its own underwriting guidelines which also vary by loan type.
While the guidelines will be different depending on your lender and loan, all lenders are required to review your financial and income information. You can expect to provide the following documentation.
Depending on your situation, you may be required to provide other documents such as:
Contact Summit Funding for more information on the documents you will need for a home loan.