Regardless of credit score, certain documents are required of every buyer in the home-buying process.

These documents are part of every lender’s responsibility to ensure all cards are on the table and all numbers add up to avoid any surprises.

In today’s episode, I cover details about what documents are non-negotiable, how assets, earnings, properties and special circumstances are handled, and why it’s necessary to verify all debts and income.

Remember these documents are mandatory for every buyer, so talk with your lender about which loan program works best for you.

In this episode, you’ll also hear:

• The rule of 2-2-2 and what underwriters look for on statements
• Considerations for work history and self-employment
• Why down payments don’t influence the document process

Must-listen moments:

[00:01:30] 2, 2, 2: We need two bank statements—two month’s bank statements, two pay stubs—if you're paid bimonthly, two pay stubs, and two W2 forms—two years of W2s.

[00:12:14] Know behind that door of asking those questions, it's all in the spirit of verifying your exact income and your exact obligations, without a shadow of a doubt.

[00:13:05] Everybody has to provide the same documents regardless of down payment or credit score.

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

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Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen