Getting pre-approved for a loan or mortgage requires submitting specific documentation. Being prepared with the necessary paperwork can streamline the process and reduce delays. This checklist outlines the essential documents you should gather before starting your application.
Personal Identification
Proof of identity is required to verify your legal name and age. Common documents include:
- Driver's license
- Passport
- Birth certificate
- Social Security card
Financial Documents
Financial documents provide insight into your income, assets, and debts. Ensure you have recent versions of the following:
- Pay stubs (last 2-3 months)
- Bank statements (last 2-3 months)
- Tax returns (last 2 years)
- Proof of additional income (if applicable)
Employment Verification
Proof of stable employment helps lenders assess your ability to repay. Typical documents include:
- Employer contact information
- Letter of employment
- Recent pay stubs
Additional Documentation
Depending on your situation, additional documents may be required, such as:
- Proof of assets (investment accounts, retirement funds)
- Debt statements (credit cards, loans)
- Rental history or lease agreements