• What documents are part of the mortgage process?

    Mortgage homework is mostly about providing documents that show how much you earn, where you've lived, monthly debts and account balances. You can provide much of this information in person or on your application; however, there are several additional documents you may need to provide depending on where you are in the loan approval process.

    Mortgage Pre-qualification Checklist

    Getting pre-qualified is convenient. Here's what we'll need from you:

    • Your name (and any other buyers' names)
    • Current address
    • Estimated annual household income
    • Estimated monthly household debt expenses

    Mortgage pre-qualification is an assessment of whether your debt-to-income ratio fits mortgage guidelines and provides an estimate of the amount you may be able to borrow. You can also request a pre-qualification letter, which you can give to your real estate agent to show you are a serious home buyer. Pre-qualification is optional, but it's a helpful step in the process of buying a house. Note: since most sellers want a pre-approval, not a pre-qualification, we only provide pre-approval letters.

     

    Pre-Approval

  • Mortgage Pre-Approval Checklist

    Whether you've completed the pre-qualification process with Austin First Mortgage or not you can apply for pre-approval at any time. The first step is to complete a full mortgage loan application, including the following information.

    This is a partial list; your mortgage loan originator can tell you about any additional requirements.

  • Residential History

    • Your residential address for the past two years
    • Landlord names and addresses for the last two years, if you rented during that time

  • Employment & Income History

    • Paycheck stubs from the last 30 days showing your year-to-date earnings
    • W-2 or I-9 tax forms (issued by your employer) for the past two years

  • Personal Assets

    • Bank account statements from the two most recent months for all checking and savings accounts
    • Other asset statements from the past two months for any CDs, IRAs, stocks, bonds or other securities you intend to use for your down payment
    • Current real estate holdings, including property address, current market value, mortgage lender's name and address, loan account number, balance and monthly payment

  • Personal Debt

    • A list of any new monthly debts not listed on your credit report (auto loans, student loans, mortgage loans, credit cards, etc.), including creditor name, address, account number, minimum monthly payment amount and outstanding balance on each account

  • Additional documents may be required at your mortgage closing. Your real estate agent and mortgage loan originator will let you know which documents will be needed when you close on your new home and they'll work closely with you at each step of the mortgage process.

    Pre-Approval

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