This is a YouTube video titled "What Docs do is Need? 🤔 #homeloans #firsttimehomebuyer #homebuyer #interestrates #fhaloan" created on June 2, 2023. The content is a single-speaker explanation detailing the documents required for different types of home loan pre-approvals, including W2 employees, self-employed individuals, and 1099 contractors.
If you're preparing to get pre approved for a home loan, here's the documents you're most likely going to need. If you're a W2 employee, you'll need your last 30 days pay stubs, your last two years W2s, your driver's license, and one month's bank statement if it's an FHA or VA loan, two months bank statements if it's a conventional loan. If you're self employed, you don't have pay stubs or W2s. You would just need to get your last two years tax returns instead. So two years tax returns, one or two months bank statements depending on the loan type and your ID. If you're 1099, that's considered self employed. So you still have to get the tax returns but also the 1099s for the last two years and you're going to be good to go. Go.
