Complete the loan application

Read the components of a loan application to see what you’ll need to provide.

Personal Data
Full names, home address(es) for the previous two years, and Social Security numbers of all borrowers. Employment information for the previous two years including employer name, address, and phone number.

Income
The amount and source(s) of ongoing income (usually excluding alimony and child support) for all borrowers.

Assets
Information on all assets you’ll be using to qualify for the loan (such as checking and savings accounts, stocks and bonds, retirement plans, and other real estate owned) including bank name, account type, and balance. You’ll also be asked to provide the source of down payment funds.

Debts and obligations
Information on all outstanding debts and financial obligations. Creditor names and outstanding balances for all loans and notes payable; alimony; child support; and other liabilities. Real estate owned including property address, market value, outstanding liens, rental income, mortgage payments, taxes, insurance and maintenance dues.

Credit references
Information concerning loans or debts that have been paid, plus any other references to good credit use.

Property information
Specifics on the property you wish to buy, if you’ve chosen one.

Note: In some cases, you may need to provide additional documents to verify your income and available cash, or request credit bureaus to correct items in your credit report that you believe are inaccurate.

Click the Next button to learn how lenders decide.