Types of Purchase Loans

There are many different types of loans which include:

What Information Will I Need

While every purchase loan is slightly different from the next, you can start by collecting the following documents:

  • Most recent two years’ Federal Tax returns “1040s”. (Corporate taxes if you file a separate return)
  • Most recent two years’ W-2 forms and/or K1s as applicable
  • Most recent 30 days’ paystubs
  • Most recent two months’ bank statements for all bank accounts which will be used (all pages)
  • Most recent copy of your current mortgage statement(s)
  • Most recent property tax bill(s)
  • Most recent HOA statement(s)
  • Copy of current Driver License or California ID
  • Copy of Social Security Card
  • Copy of any divorce decree from a previous marriage

What Questions Will I Need to Answer?

  • There is certain information which will be needed when applying for a purchase loan. A short list is provided below:
  • Legal name
  • Employment history for the past two years
  • Length of time in line of work
  • Job title
  • Income
  • Expenses
  • Down payment
  • Address history for the past two years

What is the Next Step?

If you are ready to move forward with the purchase of a home, please choose one of the following options:

Get Prequalified