Are you looking to Apply for a Boise, Idaho Mortgage and wondering what documents are required to get home financing? If so keep reading, I have outlined a brief summary of the documents required.
Being prepared ahead of time by gathering the required documentation will help your Boise, Idaho Mortgage approval process move a little smoother.
Below are the items needed in regards to your income and asset documentation:
Income:
- 2 Months Paystubs
- W-2’s from 2007 & 2008
- Tax Returns for 2007 & 2008
Assets:
- 2 Months Most Recent Bank Statements
- 401k Statement
- Mutual Fund/Investment Accounts
Other:
- 12 Month lease agreement, or 12 canceled checks made to a private party landlord
- Bankruptcy papers and explanation for any derogatory payments after the BK
- Divorce Decree
- Letters of explanation for gaps in employment
- Letters of explanation for any judgments, tax liens, or repossessions
- Final Settlement Statement on recent sale of previous property
- Mortgage payment coupons on other real estate owned, including proof of annual tax and insurance costs
- Current lease agreements on any other real estate owned
- Job transfer letters
- College Degree if work history has not been established
It isn’t absolutely necessary to have all of this documentation ready at the time of the initial phone or office consultation, however, these items will be needed for full mortgage approval.
In the mean time, if you would like I can meet with you via phone or office visit for a full strategy session where I will analyze your financial goals and help you decide on a mortgage plan that fits your individual needs.
I use the strategy session as a time to answer all of your mortgage questions and educate you about how the mortgage approval, rate lock and funding process works.
If you would like to schedule a strategy session today you can do so by calling my office, or fill out a mini mortgage questionnaire online.
If you or anyone you know has questions about the home loan process don’t hesitate to give me a call.
Andy Radke
Mortgage West
Mortgage Consultant
Direct: 208-859-5825
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