Before you go to acquire a house, you are able to show you are a buyer that is serious getting a prequalification page. A prequalification is an assessment of one’s creditworthiness centered on your revenue, assets, debts, and credit use that is past. By assessing these facets, Flagstar Bank makes it possible to be eligible for a true mortgage and discover exactly how much you’ll manage to borrow. Prequalification is just the step that is first the home loan procedure and will not consist of an analysis of the credit file or your capability to acquire a property.
TO OBTAIN A PREQUALIFICATION, YOU WILL WANT TO OFFER:
- Your recognition, together with your Social Security quantity
- Employment verification: an of pay stubs, w-2s, or 1099 forms for the last two years month
- Bank statements for the past 8 weeks