What Financial Documents are Needed to Buy a House?

What documents do you need to provide to your lender in order to get prequalified for a loan? Let’s go over the checklist in this video, “What Financial Documents Are Needed to Buy a House?”:

What Documents Does Your Lender Need?

Ready to buy a home? That’s great news! Start by getting prequalified so you know your budget before you start looking for homes. Reach out to a few lenders and find out how much you can afford to buy a home for. As far as the documents needed for this process, your lender is going to need several documents in order to help you get prequalified to buy a home. 

Some documents your lender will require may include: your W9 (or 1099 forms), last 1-2 years of tax returns, recent pay stubs, any investments (recent statements), and recent statements for any debt you may owe (such as credit cards, personal or car loans, or student loans). Your lender will also run a credit check on you when you’re in the process of getting preapproved. 

There are going to be other documents that are also needed, and each individual may have a different list of documents that they need to provide to their lender depending on their job, location, and income. Length of time at employment, salary vs hourly pay, bonuses, ect may come into play, so get your numbers ready. Be sure to get these main documents ready as your lender will definitely need them, and be ready to provide more documentation as needed. 

Always ask your lender what you can expect and what is needed to get the process started. Keep in mind that other documentation may be requested as you move throughout the loan process. Your lender will let you know what is needed to keep moving forward. 

Want More Information On Buying A Home?

As you probably already know there is a lot to the home buying process. If you have more questions about buying or building a house, don’t worry! We have a list of common questions that homebuyers have HERE

If you don’t see your question on this list, then please reach out! I would love to answer all of your buying questions. 

Want more information? Download my Homebuyers Guide: Homebuyers Guide

If you’re a first time home buyer, download this Buyers Guide: First Time Homebuyers Guide 

Need More Information About Buying a House in Birmingham, AL?

Are you ready to buy a home in the Birmingham area? If you’re wondering how to get started with the process of buying a home, reach out to me! Make the homebuying process easier on yourself by having an expert real estate agent guide you through the process. If you’re looking to buy or build a home in the Greater Birmingham, Alabama area, I would love to help you through the home buying process. If you’re new to the Birmingham area or looking to relocate to Birmingham, Alabama, please feel reach out to Dianna Howell with The Howell Group: 205-568-5435 or dianna.howell@kw.com 

For information on Pelham, Alabama or Birmingham in general, contact real estate agent Dianna Howell, a top buyers agent in the Birmingham, Alabama area. 

Visit our website for more information on the Birmingham area: https://diannahowellrealtor.com/category/lifestyle/ 

🔑🏡 Want to learn more about the buying process? Then read this article for 6️⃣ easy tips: Six tips to Buying a Home 

📕 Read more about the Birmingham area in this post: Relocating to Birmingham, Alabama

I have plenty of resources and information to provide including my expert help. Call me today and let’s get started on the search for your new home, whether you want to buy or build! 


Dianna Howell

The Howell Group of Keller Williams in the Birmingham Alabama area

Top Birmingham Real Estate Agent