What documents do I need to provide for a loan application?

When applying for a loan with Caliber Home Loans, prospective borrowers should be prepared to provide a variety of documents to facilitate the application process. First and foremost, proof of identity is essential. This may include a government-issued photo identification, such as a driver's license or passport. Additionally, applicants will need to provide proof of income, typically through recent pay stubs, W-2 forms, or, if self-employed, profit and loss statements along with tax returns for the last two years. In order to assess creditworthiness, lenders often require a complete credit report. Applicants should also prepare documentation of their assets, such as bank statements for the past two to three months, retirement account statements, and any other relevant financial information that indicates their overall financial picture. Furthermore, information regarding any existing debts, such as credit card statements, car loans, or student loans, is also usually necessary. This collection of documents helps ensure a smoother process and a better understanding of the applicant's financial situation. For more specific guidance tailored to individual situations, it may be beneficial to refer to the official Caliber Home Loans website.