Central Florida Mortgage Pre-Approval Checklist: Documents To Gather
A complete file gets you approved faster. Use this checklist to gather what lenders typically ask for before you start shopping in Orlando and Central Florida.
Pre-Approval Starts With Paperwork
A pre-approval is a lender’s written review of your income, assets, credit and debts. It tells you what to shop for and helps sellers take your offer seriously, especially in competitive pockets of Central Florida.
Lenders ask for similar documents on most purchases. Having them ready can shorten the process and reduce back-and-forth.
Your situation may need more or different documents, for example if you are self-employed or using gift funds.
Core Documents
Income
Recent pay stubs, W-2s or tax returns for the periods your lender requests.
Assets
Recent statements for accounts holding funds you will use for closing and reserves.
Identity and credit
Government ID, and permission for the lender to review your credit.
Situations That Need Additional Documents
- Self-employed: tax returns and business documents as requested.
- Gift funds: a gift letter and proof of the transfer.
- Recent job change: an offer letter or employment history.
- Large deposits: be ready to explain and document them.
Questions To Ask Your Lender
- What exactly do you need from me, and in what format?
- How long is the pre-approval valid?
- What could change my approval before closing?
- Will you review my file again at the contract stage?
Pre-Approval Questions
What is the difference between pre-qualification and pre-approval?
Pre-qualification is usually a quick estimate. Pre-approval involves a document review and gives you a stronger basis for shopping.
How long does pre-approval last?
It depends on the lender, but it is often valid for a limited time. Ask your lender about the date and what could change it.
Will pre-approval hurt my credit?
A credit check is part of pre-approval. Multiple mortgage inquiries in a short window are generally treated as one for scoring, but ask your lender how they handle it.
Want To Start Your Pre-Approval?
Talk with William Willis and find out exactly what to gather.
This page is general information, not legal, tax or insurance advice, a loan offer or a commitment to lend. Rules and programs change, so confirm details with the relevant agency, professional and lender. Loans are subject to credit approval and property eligibility. Mortgage services are provided by William Willis, NMLS #1514031. Verify licensing at the NMLS Consumer Access portal.