Getting Ready to Buy Your First Home


Congratulations! Making the decision to buy your first home is exciting --although, we understand that sometimes it can be confusing. 

That’s why we make applying for a home loan fast and stress-free. And with some preparation, it can be even faster! 

Look over the list to see what you'll need to apply for a first-time home loan. If you have any questions, please contact us. We’re here to help! 

What You Need To Buy A Home

Credit Report 

After getting some basic information, like your name, birthdate, income, and social security number, we’ll request a credit report from the credit bureau. Your credit score is important for qualifying for a home loan, so when reviewing it, we’ll also look for ways to raise it. 

A higher credit score often means a better interest rate and our goal is to get you the best rate possible.

Debts and Other Payments 

We'll also need information about your monthly obligations, such as car payments, insurance, and student loans. If you have any court-ordered payments like child support or spousal support, you'll want to prepare a copy of these too.

To verify your income, we'll need a few documents. First, we need your tax returns for the past two years. We'll also need copies of your pay stubs and bank statements from the past three months. 

Remember that court-ordered child support and spousal support also counts as income! A copy of the court order along with the bank statement showing regular payments is all you need to include it as income. 

Proof of Down Payment 

Make sure that you've had your down payment money sitting in an account for at least three months. 

This "seasoning" period is a way to show that you are responsible with your money and have been saving it for a while. If your down payment a gift from a family member, you'll need a letter explaining that those funds were gifted. 

You can apply online right now and securely submit your documents electronically.

Have more questions? Call 800-588-6805, and we'll be happy to assist you!

Get a Quote

Pre-qualify for a loan in a few simple steps

Get Started

Fill out your Secure Application

Apply Now

See what KS StateBank clients are saying:

Zillow Reviews