Buyer Information - Supporting Documentation

Thinking about buying a home ? Get a head start and have all your source documentation ready
Completing an application is just one of the many things you need to do in order to obtain home financing. Whether you've already found a home or are just looking to get pre-approved, you will need to provide a variety of documentation to help your lender. The information required will vary depending on the lender you choose, your loan option, and your personal financial situation.

The following is a list of documents generally required when applying for a new home loan. For a fast and easy loan process - have these items available when you are ready to complete your application.

All Applications

• A copy of your ID document
  A copy of the offer to purchase containing seller and purchaser's detials (not necessary for a pre-approval)
  
• Proof of income
  You will be required to produce a salary slip (not older than 2 months) / or a letter from your employer with a breakdown of your salary and deductions.
  
• If you are self-employed then you will be required to produce a letter from an accounting officer confirming your income, or a statement of assets and liabilities

Companies / Close Corporations

• Copy of financial statements You may be required to produce a full set of financials eg. balance sheet, income statements etc, which must be signed by the auditor.
  
• Details of all the directors / members
  
• Founding statement of the close corporation
  
• Close corporation certificate
  
• Company certificate
  
• Memorandum and Articles of Association
  
• A resolution by the directors / members of companies / close corporations advising who may sign the home loan application / pre-approval for the purchase of the property

Trusts

• A copy of the Trust Deed
  
• Resolution advising who may sign the home loan applications / pre-approval
  
• A resolution by trustees advising who may sign the documents and purchase properties

Once you've begun the application process, your property finance consultant will advise you of all the documentation required for your situation. But keep in mind - the more information you have ready before you apply, the faster your loan will be approved.