Information Needed To Prequalify For a Loan

Why do I need to get prequalified?

• It is important to get prequalified before you shop for a new home or list your current home so that you can know what you can afford before you start shopping.
• It is wise to make sure you are comfortable with the monthly mortgage payment on your potential mortgage before you commit to a sales price.
• Speak with a lender so that you will have an estimate of how much money you will need to bring to closing for the price point you are shopping.

How do I get prequalified?

• Visit HNBMortgage.com and click “Apply Now’
• Visit a local branch to apply in person
• Call HNB Mortgage and have us mail or email an application to you
• The application will ask you for your personal identification information,  your employment history and pay, your bank account balances, information related to your monthly debt obligations, including child support and alimony, and other easy to answer questions that allow us find the best options for you.

What is the quickest way to get prequalified?

• The more information we have from you, the quicker you will be completely prequalified. We can give you basic numbers off of your application, but we cannot confirm your qualification numbers until we have reviewed your supporting documentation.

• • If you are self-employed, the best practice is to provide your two most recent years of tax returns at the time that you apply.

• Document List:

• • 2 most recent Pay Stubs, if applicable
  • 2 most recent years’ W2s and 1099s
  • If you are interested in a loan amount over $647,200 or have any rental or self-employment income:

• • • 2 most recent years Personal Tax Returns/all pages/ All K-1’s,
    • 2 most recent years Business returns, if you own 25% or more of any partnership, Sub S or C Corp. 

• • 2 most recent Bank Statements, Investment & Retirement Account Statements (All Pages)
  • Copies of your Driver License and Social Security Card
  • Disclose to HNB Mortgage if you have any delinquent federal debt including taxes due to the IRS
  • If you are VA eligible, include a copy of your DD214
  • For each property that you own and plan on keeping through closing on the next property, provide a copy of your most recent mortgage statement (or deed and release of lien) along with a copy of the insurance declarations page