What You Need to Start the Loan Approval Process
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Be Ready Before You Apply
Getting pre-approved is one of the most important early steps in buying a home. The process moves quickly when you have the right documents in hand. Chris Dunham, The Real Estate Guy™, shares exactly what you need to gather so your lender can review your file and move you closer to that dream home with confidence and speed.
TDIL: What You’ll Learn in This Blog
The essential documents you need to start the loan approval process
Why income verification (pay stubs + tax returns) is key to fast approvals
How your bank and investment statements affect your loan eligibility
The importance of having personal ID ready for federal verification
What to include for additional financial situations like child support or bankruptcy
How being organized up front leads to faster approvals and stronger offers
Here Is Your Loan Approval Checklist:
Income Verification
Lenders need to see proof of consistent income.
Example: A Mesa buyer submitted one month of recent pay stubs and two years of tax returns and received lender approval within three days.
One month of recent pay stubs
Two years of tax returns including W 2s or 1099s
Banking and Asset Information
This gives the lender a snapshot of your savings and financial stability.
Example: A Tempe couple provided two months of bank statements and included their retirement account summaries to show available assets.
Two months of bank statements
401k, mutual funds, or investment account statements
ID and Personal Documentation
Verifying identity is a must for federal lending guidelines.
Example: A Glendale buyer had their driver’s license and social security card copies ready which helped streamline the lender’s verification process.
Driver’s license front and back
Social Security card front and back
Other Financial Information
Any additional income or past financial situations need to be disclosed.
Example: A Phoenix buyer included documentation of child support received which helped them qualify for a higher loan amount.
Documentation of child support received or paid
Bankruptcy discharge paperwork if applicable
Why Being Prepared Pays Off
When you have these documents ready to go, it helps your lender verify your financial profile quickly and accurately. This leads to faster pre approval, stronger offers, and a smoother experience overall.
Need Help Getting Started?
Chris Dunham is ready to guide you through every step of the process. He will connect you with a trusted lender and make sure you are prepared to move forward without stress or delays.
📞 Call Chris Today
602 321 6188
Let’s get your documents in order and start the path to pre approval.
The Home Buying Process
Loan Approval Steps and Checklist with The Real Estate Guy™ #RLS8GUY
