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Be sure to know that sometimes lenders will ask for additional paperwork that is not listed below depending on your situation. W-2 Forms and Other Tax Forms (1099's) Pay Stubs (proof of income) Bank statements- Last 2 months (assets, retirement and brokerage accounts) Monthly debt payments.
Make sure you ask about any costs that will occur, such as appraisal fees, inspection reports and penalties for making a pre-payment. You might want to sit down beforehand and write down a list of questions that you want to ask so that you don't forget during the first meeting.
Lenders require a few documents that can serve as proof of your identity and financial information to approve you for a loan. Some of the documents you'll be asked to provide include, copies of your state- or government-issued ID, copies of paystubs, tax returns or bank statements.
The single best way to prepare for your lender meetings is to get all your documents in order, including W-2 forms, pay stubs, tax returns, social security cards, alimony/child support documents, bank statements, a list of existing debts, and paperwork for any money that you were gifted for your down payment.
The financial documents most brokers want to see at a first meeting include copies of your two most recent pay stubs, copies of your federal tax returns with all schedules for the last two years and copies of your W-2 forms for the last two years.