STEPS OF T H E
HOMEE LLOAN
PROCESSPRESENTED BY
VANDERBILT MORTGAGE
Home
Center
Financial Self-Assessment
& Preparation
1
Ensure You Can Afford A Home
Create a Budget: Assess your monthly spending habits.
Add up total monthly bills and subtract from your monthly
income. Do you have enough left over for a new payment?
Assess Your Credit Score: If your credit score is lower
than you would like, work toward building up your credit.
Develop a Savings Plan: Saving a small amount every month
for a year is a good way to save enough for a down
payment on your dream home.
2
Apply For A Loan
Documents typically needed to complete
a home loan application might include:
A
Proof of Income
Most Recent Paystubs
Proof of Employment
Past 2 Year History
Proof of Residency
Current Street &
Mailing Addresses
Proof of Identity
Current Driver’s License,
State Issued ID or
Social Security Card
B
C
D