Getting Pre-Approved

Many buyers are applying for a loan and obtaining approval before they

find the home they want to buy.

Here are the benefits:

  • You look at the “right” homes.
  • You save money dealing with a comfortable seller.
  • You can close quickly.
  • You minimize trauma of not knowing whether or not you qualify.

Karen Brewer

Branch Manager & Mortgage Consultant


Items Needed for a Credit Application


  • Addresses for two full years.
  • Gross monthly income.
  • W-2’s

– Proof of pensions, retirement, disability of Social Security.

– Proof of income from rental investments, etc.

– Proof of child support or alimony paid/received.

– Year to date pay stub.

  • If self-employed:

– Two years Tax Returns.

– Current year profit and loss statement.


  • Each creditor’s name, address, and type of account.
  • Account numbers.
  • Monthly payments and approximate balances.
  • Amount of child care expenses.


  • Names and addresses of saving & checking institutions.
  • Account numbers for all accounts.
  • Types of accounts and present balances.


  • List of assets in stocks, bonds, land.
  • Life insurance cash value (documented if used as cash down payment).
  • If applicant is selling a home, a copy of the sales contract.
  • Social Security numbers for all parties.
  • Veterans – Certificate of Eligibility & DD-214.
  • Cash or check to pay for application fee.

Real Estate Papertwork

  • Copy of sales agreement.
  • Copy of listing on property.

· Instruction on how appraiser is to gain access.