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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Couldn’t have had a better experience finding a home out of state as soon as 2 weeks during the fast selling real estate market period. Michelle answered all of our buyer questions & had all the homes information in hand during showings as well as answered all our calls immediately. She truly unde... Read More
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Amy and her team made our house-buying experience wonderful. Everybody was friendly, professional, and knowledgeable. They found us the perfect house at a great price and were there whenever we needed assistance. Thanks for everything!
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We found Amy Stockberger from researching youtube videos about Sioux Falls when we found out my husband's job was transferring him. Her videos are great and were so helpful but the service was incredible! We used Tyler Stunes who is fantastic! When I emailed initially, Amy herself responded back ver... Read More
