If this is your first time buying a Tyler Texas home, then I am sure you have many questions. How do you get pre-approved for a load? How much Tyler TX real estate can you buy?

What Mortgage Lenders Need From Tyler Home Buyers

There are many factors that go into determining what you qualify for and what kind of home loan you can get, but these are the items you MUST show a mortgage lender before you can get approved for a mortgage:

• Copies of two to four months of bank or credit union statements for both checking and savings
  accounts.
• Lender, loan number, and amount owed on other installment loans, such as student loans and
  car loans.
• Addresses where you’ve lived for the last five to seven years, with names of landlords if
  appropriate.
• Copies of brokerage account statements for two to four months, as well as a list of any other major assets of
  value, such as a boat, RV, or stocks or bonds not held in a brokerage account.
• Copies of your most recent 401(k) or other retirement account statement.
• Documentation to verify additional income, such as child support or a pension.
• Copies of personal tax forms for the last two to three years.

Tools for Tyler TX Home Buyers

Take advantage of our Tyler Texas Buying Guide to learn even more about home buying in Tyler. Once you have all these items in order for your lender, you can start the pre-approval process and in the meantime, you can browse the Tyler TX MLS, look through our Town South Realy Featured Listings, and search for Tyler homes for sale according to price. As always, if you have any questions, need some tips, or would like to take a home tour, contact me, Steve Winston, your Tyler TX real estate agent.

Until next time,

Steve