Buying your first home can be very exciting. But before you jump headfirst into the real estate market, make sure you have everything you need to secure a loan, including all the necessary paperwork. You don’t want to find the home of your dreams only to lose it while trying to gather your paperwork and wait for an approval.

Here’s a list of the most common types of paperwork needed when applying for a mortgage loan:

  • W-2 earning statements or 1099-DIV income statements for the last two years
  • Federal tax returns for the last two years
  • Bank statements (all pages) for the last two months, including checking, savings and any investment accounts, such as 401(k)
  • Recent paycheck stubs (covering a 30-day period)
  • Proof of other income, such as Social Security payments, pension, etc.
  • Proof of investment income
  • If you own a business, you may need at least two years’ business tax returns

Other documents needed based on your personal and financial history:

  • Divorce decree and settlement paperwork for separate maintenance (if applicable)
  • Bankruptcy and discharge paperwork (if applicable)

Once you have all your documents ready, meet with a home loan specialist. They’ll help guide you through the application process and inform you of any additional documentation you may need. Once you’ve applied and received a pre-approval, you’ll be ready to submit an offer the moment you find your dream home.

For more information or to start the pre-approval process, speak with an APGFCU home loan specialist at 888-LOAN-391.

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Membership eligibility required.