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.
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!