What paperwork does the lender need to process the application?
Generally the lender will require proof of employment and income in the form of pay stubs and/or tax returns and proof of assets in the form of bank or brokerage statements. Usually, this documentation and a credit report is sufficient for the lender to determine whether the borrower can afford the requested loan amount. If a property is identified, then an appraisal, property condition report, and preliminary title report will be required along with a complete copy of the purchase contract.
