Importance of a Pre-Approval

In today's real estate market, it's essential to get pre-approved before starting your home search as it allows you to determine your purchasing power and better focus your search.

Typical Items needed to complete loan application: 

  1. Last two year’s W-2 forms from current and/or past employer(s)
  2. Last two year’s personal tax returns
  3. Most recent pay check stub or direct deposit receipt for borrower or co-borrower
  4. Two months most recent bank statements
  5. Mortgage statement(s) for all properties owned
  6. Copy of driver's license
  7. Copy of rental agreement
  8. If Any - Divorce, Bankruptcy, or Child Support Papers
  9. Copy of mortgage statements(s) for any properties owned

What is a pest report? And what is its importance in purchasing a home?

It's still cheaper to buy than rent in California—for now.