Applying for a Mortgage Loan

Applying for a Mortgage Loan 2016-02-02T08:25:55+00:00

Once you’ve found the perfect Visalia, home, you have to be ready to act fast—and after the seller accepts your offer, one of your actions will be applying for a mortgage loan.

While every lender has their own specific processes, they all want the same information. As long as you’re prepared, the whole loan application process will go smoothly.

What Lenders Need from You, the Borrower

You’ll have to fill out a loan application to kick off the whole process. The lender will check your credit score (hopefully you’ve already gone through your credit report to check it for issues) and ask you for documentation that backs up the claims you make on the application.

This documentation includes (but is definitely not limited to):

  • W-2 forms for the last 24 months
  • Your two most recent, consecutive pay stubs
  • Bank statements for all of your financial accounts, including investments, for the past 2 months
  • Your signed tax returns
  • A copy of the signed Purchase and Sales Agreement

The lender will evaluate your application and your supporting documents. From there, they will notify you about your approval status.

Ready to Check Out Visalia Homes with a Professional?

Call us at 559.303.9557 or contact us online so we can begin searching on your behalf. You can also browse all of the Visalia homes for sale, explore our featured listings, or learn more about the neighborhoods in Visalia, CA.

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