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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Everything went so smoothly. Found a house bought a house sold our house all in the same week. Everyone worked with everybody like a well-oiled machine. We made friends along the way totally awesome experience. Thank you to all who helped God bless you all. -
100% the easiest sale I have ever experienced. From day one I knew I made the right choice. The team set to work immediately and walked through every step of the process making sure everything went smooth. There should be no other thought for anyone else when it comes to who to use for selling or pu... Read More
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We have used Amy Stockberger exclusively for all of our real estate needs since she started in the business. She and her team are ultimate professionals. We have never been disappointed in their service. We strongly recommend Amy Stockberger Real Estate.
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This is posting from my work account, but that's ok. We've had Amy as a client, and also - we've been a client, and we will be again when we get into our next home - whenever that may be. Amy and Adam and team are very good at ensuring you are getting the absolute best experience, (and value). Th... Read More
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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
