Documents to gather for a smooth start
Getting pre-approved is the smartest way to begin the homebuying process—it gives you clarity, strengthens your offers, and helps you move quickly once you find the right property. But before the lender can issue a true pre-approval, they need documents that verify your financial picture.
Fortunately, the list is straightforward. Here’s exactly what most buyers should gather to make the process fast and stress-free.
Income Documentation
Lenders need proof of stable, consistent income. Most borrowers will provide:
- W-2s from the past two years
- Recent pay stubs covering at least 30 days
- Employment history and employer contact information
If you receive bonus, commission, or overtime income, lenders may request additional documentation to verify long-term averages.
For Self-Employed Borrowers
If you own a business, freelance, or earn 1099 income, expect a slightly different set of requirements:
- Two years of complete tax returns
- Business tax returns (if applicable)
- Year-to-date profit & loss statements
These help lenders confirm income stability beyond standard W-2 earnings.
Bank Statements & Assets
Because your down payment and closing costs must be fully verified, lenders typically request:
- Two months of bank statements
- Statements for checking, savings, investment, or retirement accounts
- Documentation for large deposits
The goal is to show that funds are legitimate, seasoned, and accessible.
Tax Returns
Many borrowers must provide one to two years of federal tax returns. This gives lenders a full view of income sources, deductions, and any self-employment activity.
Additional Verification Items
Depending on your financial profile, you may also be asked for:
- ID (driver’s license or passport)
- Proof of any rental income
- Letter of explanation for major credit events
- Divorce decrees, child support orders, or alimony documentation (if applicable)
- Gift letters if family funds are being used
Not every buyer needs these, but having them ready can speed things up.
How Affinity Home Lending Makes It Easier
Pre-approval doesn’t have to be complicated. We streamline the process by:
- Reviewing documents upfront
- Verifying income and assets early
- Catching potential issues before you’re under contract
- Giving you a reliable, accurate pre-approval letter sellers trust
The more complete your documentation, the smoother the path forward.