The Road to Your New Home with Van Ristovski

Documents Needed for Loan Applications

All Borrowers

1. Copies of W-2s for the last two years;

2. Copies of paycheck stubs for the last 30 days (most current);

3 Copies of checking and saving account statements for last two months (all pages);

4. Employment history for the last two years (address any gaps of employment);

5. Residency history over the last two years;

6. Copy of drivers license for applicant and co-applicant;

7 If applicable, copy of social security awards letter and or 1099

Self-Employed Borrowers

1. Copies of most recent 2 years tax returns (with all schedules including K-1s, if applicable);

2. Copy of current profit & loss statement and balance sheet;

3. Copy of corporate/partnership tax returns for most recent two year period if owning 25% or more of company - copies of W-2s and/or 1099 forms.

When In Doubt, Don’t Do It!

DON’T make non-payroll bank deposits.

You and the underwriter must be able to understand why and how every dollar in your account is yours. This means every deposit must have an explanation and PROOF of where the money came from. “From under my mattress” is not an acceptable explanation, and without proof otherwise, this is what it will be considered.

DON’T open new credit.

Never apply for new credit during the loan process. Opening new credit could result in not only a change in the terms of your approval, but possibly void it all together

Credit cards, furniture, a new car...all of it can wait until your home loan closes. Avoid all major purchases until AFTER YOUR LOAN IS CLOSED!

DON’T transfer funds from one bank account to another.

Transfers also tend to blur the lines a bit, so try to avoid them!

DON’T forget to pay bills.

Sometimes life can get in the way of your normally responsible routine. This is especially true if you are in the process of moving into a new home. Late payments can be a deal killer, so don’t let one slip through the cracks.

DON’T change or quit your job.

Your employment must be verified verbally and with documentation. If this happens, alert our team immediately so we can assess the situation. Remember, you have to have income to close on your home loan, and the process is not complete until the loan is officially close.

Your Mortgage FAQs

Answered

BY Van Ristovski

You have questions. We have answers!

Want to know what closing costs are, how much you need to put down, or how much you can afford?

Watch these short videos to learn the answers.

Click below to get pre-approved today!

What are Closing Costs?

How much can you afford?

How much do you need put down?

Just refincnced with Van Ristovski and had a great experience, I would recommend them to anyone who needs to refinance or a new mortgage.

Al V.

It was my first time buying a home! I honestly didn’t know what to expect! I am so grateful that I found some wonderful people to help me with the whole loan process! Van Ristovski and Laura Sell are so Awesome! They made me feel so at ease throughout the whole process! I don’t think I ever received better customer service in my entire life! Van and Laura were there for me every step of the way, & still are!

If you want to work with a reputable office, where people care about your time, money, & you as a person! Thank you so much Van and Laura! For your professionalism, patience, friendliness, & honesty! I could not have accomplished my home-owning goals without your spectacular guidance, & hard work! I have never been happier! I highly recommend Van & Laura You two are the greatest!

Thank you!

Darren K.

I truly love working with Van Ristovski. Van is amazing because he really looks out for the clients and finds the best to help them in every aspect of the loan and purchase. Communication is amazing! Highly recommend Van!!

Estella M. L.