A mortgage is one of the single largest and most important loans you will likely ever have in your life. The aftermath of the housing market crash has forced many lenders to be more rigorous and thorough with all new approvals, as well as throughout the underwriting process. This means that you can expect to be asked for several years worth of relevant documentation proving your income, tax payments, proof of employment, and other paperwork.

First Things First

Before you even consider looking for the home of your dreams, hit the brakes and pull a copy of your credit reports and accompanying scores from all three lenders—Equifax, Experian, and TransUnion. Most lenders have minimum credit score thresholds, and if there are any collection agency tradelines on your reports, underwriting may insist that you clear the debts up satisfactorily prior to being approved.

What to Expect

In addition to your credit reports, lenders will likely ask you for the following:

· Valid state or federal identification

· Tax returns for at least 3 years, complete with W-2’s

· Marriage certificate and/or proof of divorce

· Proof of alimony/child support obligation

· Pay stubs—at least 2-4 weeks’ worth

· Bank statements for at least 3-6 prior months

After Closing

Congratulations! As you prepare for moving day, please keep All My Sons in mind. Getting ready to move into a home can be stressful enough—let us take some of that burden off your shoulders. Our experienced and professional Jacksonville movers can help ensure a safe and worry-free moving experience.