It requires a number of documents from each candidate (so if you’re married, both you and your partner will require to supply these products):
– Pay stubs for one-month period
– Bank declarations, both checking and cost savings, for two-month duration
– Earnings tax returns for two-year duration
– W-2s for two-year duration
During pre-approval, the lending institution will also do a hard query of your credit, which will reveal up on your credit report.
You can pick either a fixed-rate home mortgage or an adjustable-rate home loan(ARM).