*disclaimer: Not all individuals will qualify for each loan type and/or scenario. Please contact me to see if you'd qualify for these loan products and/or discuss your options.
When it comes to getting a loan, there is a ton of information and documents that a loan officer will need to make progress on your loan. As a borrower, it would be smart to begin collecting some of these documents so that when your Loan Officer needs them, you've got them ready to go! In most cases, it's even smart to have them on hand when you fill out your application. That way, no stones are left unturned and your loan can get started with a lot of horsepower.
There is a "rule of two's" that are important to remember. If your loan officer is in need of information or documentation, just think..."two!"
We will need...
- Your last two paystubs
- Your last two years of W2's and/or tax returns
- Your last two months of bank statements
- Your last two years of employment information
- Your last two years of Housing information
There will be other things that we'll need throughout the production of your loan, and there is a chance we may need more than the typical two's mentioned above. It's important to communicate effectively with your loan officer and provide whatever is necessary to complete your loan process as quickly and efficiently as possible.
If you can provide the list of "two's" when you apply for a loan, you'll be well on your way to getting your clear to close as soon as possible.
For more tips and tricks when it comes to getting a loan, contact me! I'd love to help you achieve your homeownership goals.
*disclaimer: Not all individuals will qualify for each loan type and/or scenario. Please contact me to see if you'd qualify for these loan products and/or discuss your options.
Brayden Ramsay NMLS #1997195
Momentum Loans NMLS # 1606597
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