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Helpful Advice When Applying for a Florida Mortgage

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Mortgages. We hear applying for them can be among one of the most stressful things. Let’s eliminate that stigma and provide a few pointers before you apply for a Florida mortgage. Whether you’re a first time home buyer in Florida or just moving into the state, here’s some advice you won’t want to pass up.

Don’t Forget These Important Florida Mortgage Loan Documents

Stack of documents on table-1

Applying for a home loan is daunting, don’t make the process even more of a headache. Remember to bring or have these items when you apply for a Florida mortgage preapproval.

  • Up to two years of tax returns, W2s and 1099s (if self-employed)
  • Most recent paystubs (include both you and your spouse)
  • If you have any other additional sources of income, bring supporting documents
  • Bring bank statements for major accounts
  • If you are retired or have a retirement account bring those statements as well
  • Bring documentation of any other assets (boat, RV, motorcycle or rental property)
  • Copy of Florida driver’s license (if out of state bring your current license)
  • Copy of Social Security Card

Other Documents You’ll Want to Have on Hand

Name Changes

social security cards

Buying your first home in Florida because you just got married or are you buying to celebrate that long awaited divorce? Just know if you had a name change, you’ll want to bring those supporting documents to verify.

Military Service
military dog tags and different service patches with flag
If you are an active duty member of the U.S. military you’ll want to have easy access to you service letter with information on your entry date on active duty, any specific orders you are currently on and any other relevant information.

If you are veteran have your discharge or retirement papers available as well.

Bankruptcy and/or Foreclosure

person opening empty wallet

If you’re beginning the process of starting over, contact your local credit union for information regarding Florida credit union mortgages. There may be a limit on how long after you’ve filed for bankruptcy or foreclosure because you can apply for a Florida home loan.

For those who are still in the process of searching Florida homes for sale or wanting to put their house on the market, check out HomeAdvantage and how it can make your whole mortgage process easier. And don’t forget to have all of these items with you when you go to apply for a Florida credit union mortgage.

Have home buying questions ask our mlos