In the old days of real estate, before automated underwriting, there was a catalogue of documents needed to verify the information on the loan application - just in case they were needed. These days the process has been greatly streamlined; it's more likely that your underwriter will only ask for certain documents they they know they actually need. Nonetheless, once you've found that perfect Idaho dream home it's a good time to go ahead and start getting all your paperwork together so that the move goes as smoothly as possible. To help with that we've put together this list of the most likely documents that you'll want to have on hand!

Paystubs and W2
These are almost guaranteed to be involved. Generally you will need a few of your most recent paystubs and the last two years W2's. Your paystubs are merely used to verify the income amounts stated on your application. Your paystubs should be computer generated, not handwritten.

Bank Statements
You'll want to have several of your most recent bank statements from the account associated with your down payment, closing costs, and other associated costs. Generally you will need at least two or three moths work of statements.

Credit Score
Lenders used to use the credit report to add up all the minimum required charges for all credit accounts. Today, it's mostly your credit scores themselves that are scrutinized. Most lending programs do have a minimum required score; you'll find that out from your provider.

Don't let questions about the home buying process keep you from finding your perfect place!
Garden Valley Properties is here to help! Contact us today to see how we can help.