Ruidoso Home Financing

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Securing Mortgage Financing on your Ruidoso Property Purchase

To complete the perfect loan application, lending institutions or your mortgage brokers may ultimately require detailed, personal financial information for your final loan approval. However, for pre-approvals, many lenders may take a much simpler application over the phone. Though each lender will vary slightly, here’s a list of the information you should begin to gather and be ready to provide to ensure your mortgage application process runs smoothly.

Required Employment Information

Addresses for the last two full years
Gross monthly income
W-2s, if available
Proof of pensions, retirement, disability or Social Security
Proof of income from rentals, investments, etc.
Year-to-date pay stubs

The Bonito River in Alto, New Mexico

For the Self –Employed

• 1040 tax returns for the last two years
• Current year profit & loss statement

Information from your Creditors

• All monthly recurring payments and approximate loan balances
• Amount of child care expenses

Banking Data

• Names, addresses and contacts at banks, brokerages or other investment houses
• Types of accounts and current balances

Miscellaneous Information Required

• List of assets in stocks, bonds, land or other financial instruments
• Present cash value of any life insurance policies
• Copy of sales contract if applicant is selling a home
• Social Security numbers for all parties
• Veterans - Certificate of Eligibility & DD-214
• Copy of purchase agreement if you are purchasing a home

Click here to view a list of Ruidoso, New Mexico area Banks, Lenders and Mortgage Brokers.

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BuyRuidoso.com LLC
2927 Sudderth Drive
Ruidoso, NM 88345

(866) 450-7236 Toll
(575) 257-8516 Office
(575) 257-8524 Fax

info@buyruidoso.com

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BuyRuidoso.com LLC • 2927 Sudderth Drive • Ruidoso, New Mexico 88345
Off.: (575) 257-8516 • Fax (575) 257-8524 • E-mail: info@buyruidoso.com