Applying For A Loan In Snohomish County WA

You may feel like you are drowning in paperwork when you head to your lender’s office to apply for your next home loan. This is thanks in part to tightening credit standards that are causing lenders to require more proof than ever of borrowers’ income and expenses. To make the process somewhat less daunting, I’ve put together a list of items you may be required to bring along when are ready begin the loan application process: (please note, all lenders are different and may require more or less paperwork!)

Employment/Income
- Addresses of employers for two full years
- Gross monthly income, proven by last two pay stubs
- W-2’s, if available
- Proof of pensions, retirement, disability, or Social Security
- Proof of income from rentals, investments, etc.
- Proof of child support or alimony paid/received
- Self-employed: two years 1040 tax returns and current year profit and loss statement

Creditors
- Each creditor’s name, type of account, and account numbers
- Monthly payments and approximate balances
- Amount of child care expenses and other fixed monthly expenses

Banking
- Names of checking & savings institutions, along with account numbers and current balances
- Last two months bank and savings statements

Miscellaneous
- List of assets in stocks, bonds, land
- Life insurance cash value
- Social Security numbers for all parties
- Veterans: Certificate of Eligibility & DD-214 or Statement of Service
- Divorce Decree and/or Separation Agreement if applicable
- Child support documentation if applicable
- Bankruptcy papers if applicable

This may seem like a lot of personal information to have to provide just to apply for a home loan. But imagine if you were about to lend hundreds of thousands of dollars to somebody – you’d probably want a pretty good idea of that person’s ability to pay you back!

Please click here to get started searching for Everett WA homes. You can also visit my website or email me to learn more about Snohomish County WA real estate. I’m here to help!

10 Ways to Make Your House in Snohomish County WA More Saleable

1. Get rid of clutter. Throw out or file stacks of newspapers and magazines. Pack away most of your small decorative items. Store out-of-season clothing to make closets seem roomier. Clean out the garage.

2. Wash your windows and screens to let more light into the interior.

3. Keep everything extra clean. Wash fingerprints from light switch plates. Mop and wax floors. Clean the stove and refrigerator. A clean house makes a better first impression and convinces buyers that the home has been well cared for.

4. Get rid of smells! Even if you think you house does not have smells, spring for a good carpet and drape cleaning to eliminate any possible cooking odors, smoke, and pet smells. Keep the windows open when possible (if road noise is not an issue).

5. Put higher wattage bulbs in light sockets to make rooms seem brighter, especially basements and other dark rooms. Replace any burnt-out bulbs.

6. Make minor repairs that can create a bad impression. Small problems, such as sticky doors, torn screens, cracked caulking, or a dripping faucet, may seem trivial, but they’ll give buyers the impression that the house isn’t well maintained.

7. Tidy your yard. Cut the grass, rake the leaves, trim the bushes, and edge the walks. Put a pot or two of bright flowers near the entryway.

8. Patch holes in your driveway and reapply sealant, if applicable.

9. Clean your gutters. Remove any debris such as pine straw that has accumulated on the roof.

10. Polish your front doorknob and door numbers. Remember, the door is the first part of the home potential buyers see!

For more information on selling your home in Snohomish County WA, visit my website. Or give me a call for more personal service, 425-308-3669. I would love to help make your home more saleable!