On The Road To Buying A House: Pre-Approval For A Mortgage Loan

 

Waiting to talk to the lender

Fabgrandpa and I have been talking the talk about buying a house for a couple of years now. Remember this, and this, and this? We talked about a lot of things between us since January, and today, we walked into the lender’s office to start the ball rolling to be pre-approved for a mortgage loan. At this point in time, we don’t have a clue where that ball is going to stop, but we are looking a wide circle in west Georgia. What kind of house we buy is really going to depend on how much house we can afford, just like anyone else who is looking. We know what we WANT, which is a ranch style house with 3 bedrooms, at least 1.5 bathrooms, a carport, and 2-5 acres, not in a subdivision. Out in the country some but not too far to go shopping if we want to. It just feels like the right thing to do for us right now.

That's a pretty big area to be looking

We went to look at a house the other day, just for fun, because the address was on Happy Hill Road, and I thought it would be fun to say that whenever someone asked for my address. The yard was beautiful, but the house–a D.U.M.P! Oh, well, we can be happy just about anywhere but apparently NOT on Happy Hill Road.

So, the process has begun, and I am up to my eyeballs in paperwork already. To start off the application process to be pre-approved for a home loan mortgage, you need to come prepared with the following paperwork: (at least with THIS lender, I would call ahead to be sure what your lender wants)

2 years federal tax returns (1040’s)

2 years W-2 forms for each person

Each person’s most current paycheck stubs

2 months bank statements

If you get social security, then you need to provide a copy of your award letter from social security

If you are a veteran, a copy of your DD-214

If you are a veteran, a copy of your VA Loan eligibility certificate

This paperwork pile will probably reproduce itself overnight. I can’t wait to see what happens tomorrow!

About Karen

Karen Eidson is telling the world way too much about her, whether they want to know it or not. She writes about her life of living full time in an RV, eating a gluten free diet, things she does for fun, and things that are important to her. She makes you look at photos of her grandchildren, talk about her husband's survival of oral cancer, and shows you things she has made. You know you want to look.

Comments

  1. Sweet! Congratulations! What a fun journey 🙂

  2. Good luck with this.

  3. How exciting for you! Good luck in finding exactly what you want!

  4. I see that your wide range of area that you are looking includes Stefanie’s new hometown of Jacksonville, AL. It’s very nice in that area too….LOTS of wide open spaces. Good luck on your house search.

  5. I have the perfect house for you. The fact that it’s about 1 minute from my house has no bearing on my recommendation. 😉

    http://www.redfin.com/GA/Kennesaw/2549-Pine-Mountain-Rd-NW-30152/home/25401431

  6. I wish I could buy a house . I am 57 years old and I’m seriously wanting this. My landlord is a slumlord not wanting to fix things. This house is just an income for him. The Septic tank needs replaced badly but he pumps it every three months instead of fixing it but it has a habit of acting out on the most inconvient of times (Like anksgiving) It just ruined my Day and then took twoo weeks for him to get the Truck But wnated his rent money> ARUGHHHHH.

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