Financing Information

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To apply for a home mortgage, you will need to provide a lender with documentation to help verify your employment history, creditworthiness, and overall financial situation. If you are applying with someone else (called a co-borrower, such as your spouse), they will also need to provide the same documents. Please be prepared to provide the following:

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• W-2s (for the last 3 years)

• Recent pay stubs (four weeks of most recent, consecutive)

• Bank statements for all financial accounts, including investments (for the last 6 months, all pages)

• Signed personal and/or business tax returns (all pages and relevant schedules for the past three years)

• If self-employed, a copy of most recent quarterly or year-to-date profit/loss statement

• Other proof of income

• A copy of the signed Purchase and Sales Agreement

  ADDITIONAL INFORMATION WILL BE REQUIRED

TO MEET NEW JERSEY HOUSING AFFORDABILITY SERVICE REQUIREMENTS FOR THE NEIGHBORHOOD ENHANCEMENT PROGRAM MONITORED BY NJHMFA-HAS

A lender may require more documents, depending on your circumstances and the type of mortgage for which you’re applying. You can expect a lender to ask you details about your employment and financial history. With your permission, a lender will also run your credit report as part of the mortgage process.

Lastly, click on the below link for our "HOW IT WORKS" page. A valuable tool for first time home buyers!

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https://www.caradevelopment.com/making-your-dream-a-reality

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