Getting pre-approved through a mortgage lender is an essential first step in the home buying process. Having a pre-approval letter will let sellers know that you are a serious buyer and can aid significantly in your favor if you are in a situation where you are competing with another buyer on a home. Getting pre-approved will also give you the best information about the price point for your budget. Feel free to use our Mortgage Calculator to determine your estimated payments.
The process of getting pre-approved is a very easy and painless process, however it is usually the most anxiety provoking portion of the process. To take the anxiety out of this portion of the home buying process, below is a list of what your lender will require from you to get you a pre-approval letter.
- W-2 forms - or business tax return forms if you're self-employed - for the last two years for every person signing the loan.
- Copies of at least one pay stub for each person signing the loan.
- Account numbers of all your credit cards and the amounts for any outstanding balances.
- Copies of three months of bank or credit union statements for both checking and savings accounts.
- Lender, loan number, and amount owed on other installment loans, such as student loans and car loans.
- Addresses where you've lived for the two years, with names of landlords if appropriate.
- Copies of your most recent 401(k) or other retirement account statement.
- Documentation to verify additional income, such as child support or a pension
- All bankruptcy and discharge of bankruptcy papers (if applicable)
As top REALTORS® in Sioux Falls, The Amy Stockberger Team has helped thousands of home buyers find the home of their dreams that matches their budget. Our services are completely FREE to the buyer for all homes listed on the Multiple Listing Service. And, not only are we equipped with over 43 years of combined experience, the synergy of having such a large team gives us the knowledge of fabulous homes that are for sale that aren’t even on the market yet.
Why You Should Work With Us
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I would highly recommend Amy Stockberger and her team. She was on top of everything from the start: working with us to set the price, discussing improvements to make the home more marketable, and then bringing us a qualified buyer. Her knowledge of the market is second to none. Since we were out o... Read More -
Mackenzie helped my husband and I find and buy our first home, she was patient, quick to respond to our questions, and did a great job working around our schedule to view homes. The times she wasn't able to show houses she lined up another realtor from ASRE to show us so we didn't miss out on showi... Read More
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We chose Amy as our realtor for all the right reasons. She has a dynamic team and marketing strategies that are top notch. The whole process of selling our home went smoothly with no hassles at all! Thank you Tyler for the support at closing. The Amy Stockberger Team rocks!
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I know Amy Stockberger better than most and got to know her while serving as the Director of Marketing at Amy Stockberger Real Estate in Sioux Falls, South Dakota. I want to provide a fair and unbiased review - something I can do despite my work experience. Amy is such an exceptional person to know... Read More
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Katie Day acted as my realtor. Her experience coupled with her empathy made my home sale a first rate/five star experience. She was involved in every step of the process and insured against surprises. As a realtor, you will find no parallel to Katie. She is an incredible human being and with her tea... Read More
