Applying for a mortgage is a significant step towards homeownership, and it involves a thorough examination of your financial history and stability. Supreme Lending understands the importance of this process and strives to make it seamless for potential homeowners. To ensure a smooth mortgage application journey, it’s crucial to gather the necessary documentation that reflects your financial standing. Here is a list of a few of the items you will likely need to submit when applying for a mortgage with Supreme Lending.

Income History and Employment Verification:

One of the key factors we’ll consider is your ability to make monthly mortgage payments. To verify your income, Supreme Lending typically requests documents such as tax returns, W-2s, and 1099s (if applicable) for the past two years. This thorough examination provides a comprehensive view of your income stability and employment history.

Asset Statements:

To further assess your situation, we’ll likely request documentation of your assets, including statements for your bank, retirement, and brokerage accounts. These statements help the mortgage professionals at Supreme Lending evaluate your ability to handle unexpected expenses.

Monthly Debt Payments:

To understand your existing financial commitments, including outstanding loans and credit cards, we’ll request documentation of your monthly debt payments to provide insight into your debt-to-income ratio (DTI). DTI is a crucial metric in determining your eligibility for a mortgage. This transparency helps to ensure that your mortgage payment aligns with your overall financial capacity.

Records of Rent Payments, Divorce, Bankruptcy, or Foreclosure:

Additional documentation may be required to provide a comprehensive picture of your financial history. Records of rent payments demonstrate your ability to manage housing expenses, while documentation related to divorce, bankruptcy, or foreclosure helps our experienced team understand any potential financial challenges you may have faced in the past.

By being proactive and organized in gathering the required documents, you contribute to a smooth mortgage application process. Supreme Lending is committed to guiding you through every step, making your journey toward homeownership a positive experience. If you have any questions or concerns about