Paperwork you need to get approved for a Chico CA Mortgage

Here is an easy list of paperwork you will need to provide your lender in order to get approved for a loan on a Chico residential property. It’s really not that bad- I promise!

If you are an employee, make copies of:

  • · Pay stubs for the last 30 days
  • W-2s for the past two years
  • · Bank statements for the past two months (all pages!)
  • Current statements for any other assets such as a 401K or mutual fund.

If you own a business, bring:

  • Income tax returns for the past two years
  • A current balance sheet for your business
  • A year-to-date profit and loss statement

If you receive additional income (child support, disability, income property, etc.) bring:

  • Income tax returns for the past two years
  • Copy of current lease(s) for rental property
  • Any other evidence that proves you are receiving income from other sources

Miscellaneous items to bring:

  • A phone number for your employer, so that employment can be verified
  • A copy of the purchase agreement signed by all parties (your Realtor can help here)
  • A copy of your driver’s license

I realize that the thought of compiling this set of documents can seen overwhelming. After all, there are hours to be worked, school to be attended, children to feed, laundry to do, and bills to pay. I know the argument all too well! However, if you dream of purchasing Chico CA Real Estate and becoming a homeowner, it is time well spent!

Also read:

Your Chico CA Loan Application- It’s Not THAT Hard!

What is the Difference between Prequalification and Preapproval?

Why Should I Get Preapproved for a Chico, CA Home?

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Looking to buy or sell Chico CA Real Estate? Need a Top Producing Chico Realtor? Call Sandi Bauman 530-864-5407 or email [email protected] Specializing in REO, residential, relocation, investment & ag property.

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Sandi Bauman (Chico Homes): Real Estate Agent in Chico, Butte County, California
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