Whether you’re purchasing or refinancing, and whether you’re on your first or fifth home, you’ll need to have a specific set of documents in order to successfully apply for a home loan. Central Bank is here for you as your number one resource through your application and home buying process.
When processing your home loan application, you’ll need a variety of documents to prove your income, assets, credit history, and more. Explore the required documents for a home loan application.
To be approved for a loan, you will need to prove that you are able to make the monthly payments. Proof of income is a core requirement. In order to fully verify your employment, we will need:
In addition to income, we will need proof of your assets. Assets can include:
If a portion of your assets was gifted to you by a friend or family member for the purpose of using towards your new home, those funds must be disclosed as a gift.
Collateral consists of additional information accrued during the home application process. Such information includes:
Your credit score is one of the main elements we’ll need to evaluate your application. We will provide the relevant credit application document.
We will also need any other relevant legal documentation, including: