Helping You Get Pre-Approved
At Khan & Sons Realty LLC, we understand how crucial pre-approval is in the home-buying process. As your real estate advisors, we guide you through gathering the necessary documents and connecting you with trusted loan officers for fast and efficient mortgage pre-approval.
Documents You Need for Mortgage Pre-Approval
To streamline the pre-approval process, please gather the following documents before meeting with a loan officer:
1. Personal Information
• A government-issued photo ID (Driver’s license or passport)
• Social Security Number (or ITIN if applicable)
2. Proof of Income
• Pay stubs for the last 30 days
• W-2 forms from the last two years
• Tax returns from the past two years (if self-employed)
• Bank statements for the last two months
• Documentation of any additional income sources (rental income, alimony, etc.)
3. Employment Verification
• Employer’s contact information for verification of employment
• Any documentation regarding job changes or offers if applicable
4. Credit Information
• Lenders will check your credit score (typically a minimum of 620 is required)
• Be prepared to share your credit history for review by the loan officer
5. Debt and Financial Obligations
• Details of current debts, such as credit card balances, car loans, and student loans
• Information on your monthly payments and debt-to-income ratio (most lenders prefer a DTI ratio under 43%)
6. Down Payment Funds
• Proof of savings or assets for your down payment (usually 3% to 20% of the home’s price)
• If applicable, provide documentation of any gift funds from family members or other sources
How It Works
1. Gather Documents: Collect all the required paperwork listed above.
2. Submit to Us: Once you’ve gathered all necessary documents, submit them to our form below.
3. Forward to Loan Officer: We will forward your documents to a trusted loan officer for review and pre-approval processing.
Why Work With Khan & Sons Realty LLC?
We have partnerships with top lenders and can ensure that your pre-approval process goes smoothly. Our goal is to make sure you are financially ready to make an offer when you find the perfect home.
Ready to Get Pre-Approved?
If you’re ready to begin or need assistance gathering your documents, we’re here to help every step of the way. Submit your information to get started today!
