Limit
Determine your mortgage limit
Create your expense snapshot - listing all expenses in your current budget
Estimate potential homeowner expenses and include them in your snapshot
Estimate your monthly payments using an online calculator
Calculate your debt-to-income ratio to determine your mortgage limit
Decide how you will make a down payment and how much
Your Credit
Check your credit
Load type
Determine the type of loan that is best for you.
Lender
Choose a lender, or several lenders
Get pre-approved
Paycheck stubs for the last 30 days
One W-2 tax return if you've had your job for over two years, or two if otherwise
Recent credit card statements
Two bank statements over last 90 days
Proof of pensions, retirement, disability, or Social Security
Proof of income from rentals, investments, etc.
Proof of child support or alimony paid/received
Loan information on current home (if you own one)
401K statements
Divorce decree (if applicable)
Get a Good Faith Estimate of fees as a part of your pre-approval.
Rates
Lock in your rates.
Closing
Bring all documentation to the closing.

Mortgage Checklist

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