Purchase
If you’re like most people, purchasing a home is probably one of the biggest investments you’ll ever make in your lifetime. If you’re considering buying a home, you’re likely aware of the complexity of the endeavor. Because of the numerous factors to consider when purchasing a home, it’s important to prepare as best you can. At Selective Lending we are dedicated to finding the loan that fits your individual needs for a home purchase.
Documents Needed:
To expedite your Pre-Approval process we will ask that you have the following documents ready when applying, depending on your borrowing situation:
W2 Borrowers:
* 2 Most recent year W2
* 2 Most recent months of paystub
* 2 most recent month bank statement
* Copy of ID
Self-Employed Borrowers:
* 2 Most recent year tax returns (personal and business)
* 2 most recent month bank statement
* Copy of ID
Self-Employed Borrowers using Bank Statement for income verification:
* 12 Most recent most of business or personal bank statements
* 2 Most recent year business license or any types of business verification.
* CPA letter verifying business existence and business expense factor.
* Copy of ID
*** For Borrowers that own multiple properties than subject, these additional documents are needed:
* Most recent month mortgage statement
* Most recent year property tax statement
* Most recent year property insurance statement
* Most recent year property HOA statement