Pre-Approval Checklist for W-2 Employees: Your Guide to Homeownership

Embarking on the journey to homeownership can feel overwhelming, but taking it step by step can make all the difference. If you’re a W-2 employee, getting pre-approved is one of the first and most important steps in the process. Here's what you'll need to get started:

Essential Documents for Pre-Approval

Valid Photo ID
Ensure you have a government-issued ID like a driver’s license or passport.

W-2 Forms (Last 2 Years)
These help your lender verify your income history.

Recent Pay Stubs (Last 30 Days)
Provide your most recent pay stubs to show your current earnings.

Federal Tax Returns (Last 2 Years)
Lenders use these to get a full picture of your financial history.

Bank Statements (Last 2–3 Months)
Your bank statements show your savings and spending habits, as well as proof of funds for a down payment.

Authorization for a Credit Check
This allows your lender to review your credit score and history.

Additional Documents Your Lender May Request

Depending on your situation, your lender might also ask for:

Proof of Additional Income: Documentation of bonuses, commissions, or side job earnings.
Gift Letters: If someone is contributing to your down payment, you’ll need a letter confirming it’s a gift, not a loan.
Debt Documentation: Records of any outstanding debts, such as student loans or car payments.
Employment Verification Letter: Confirmation from your employer verifying your job and salary.
Explanations for Credit Issues: If there are any concerns on your credit report, such as late payments, your lender may ask for a written explanation.

Why Preparation Matters

Gathering these documents might take a little time, but being prepared can make the pre-approval process much smoother. It’s also an empowering step toward achieving your homeownership dreams.

We’ve guided countless people through this process, even those who thought buying a home was out of reach—and we believe you can do it, too.

Ready to Take the First Step?

Getting pre-approved sets the foundation for a successful homebuying experience. If you have any questions about the process or need help connecting with a lender, we’re here to guide you every step of the way.

Start your journey today—because your dream home is closer than you think.