At Fiesta Home Loans, we are committed to making the mortgage application process as smooth and easy as possible. To ensure we can process your loan quickly and accurately, we will need to collect some important documentation from you. This paperwork helps us verify your information and assess your eligibility for a mortgage.
What Paperwork Will We Need?
Be Prepared to Provide the Following Documents:
- Social Security Numbers for All Borrowers: For identity verification and to pull your credit report.
- Copies of Checking and Savings Account Statements for the Past 2 Months: These help us verify your financial standing and ensure you have enough funds for the mortgage.
- Evidence of Other Assets: If you have investments, such as stocks, bonds, or a 401(k), we will need documentation proving these assets to assess your financial situation.
- Recent Paycheck Stubs: We will need to verify your current income, so please provide your most recent pay stubs.
- W-2 Forms or Income Tax Returns for the Past 2 Years: These documents provide a record of your income over the past two years, which is critical for assessing your ability to repay the loan.
- The Name and Address of Your Employer: Employer details help verify your employment status and income.
- Residence History for the Past 2 Years: We will need to confirm your previous addresses to assess your stability as a borrower.
- Sales Contract for the Purchase of a New Home: If you’re buying a home, we’ll need the signed sales contract to proceed with your application.
- Homeowner’s Association Information (If Applicable): If your new home is part of a homeowner’s association (HOA), we’ll need to gather information on the HOA’s fees and rules.
Why We Need These Documents
These documents provide us with a complete picture of your financial health and help us ensure that we are offering you the best possible mortgage options. Gathering these documents in advance can speed up the approval process and get you closer to your new home.
If you have any questions or need assistance gathering these documents, feel free to reach out to us. We’re here to help guide you through every step of the mortgage application process!
