Getting a Loan to Buy a Home? Expect Questions, LOTS of them from the Lender

These days it’s very typical for lenders to have LOTS of questions and require lots of documentation from buyers using a loan to buy a home.

Buyers can be surprised at how much information is required, and how many questions are asked, how much documentation is required but this is the new “normal” and here’s what you need to know if you’re planning to buy a home:

– It doesn’t matter how awesome your credit is, lenders will still require documentation and have questions

Be prepared to explain any gaps in employment, changes in marital status (yes, even divorce documentation)

Your current employment WILL be verified usually right before closing. Do not change or quit jobs!

NO large purchases, deposits or withdrawals!!! You will be required to provide bank statements

– The underwriter can and probably will ask questions and require additional information, which become conditions that must be met before you can get an approval

If it’s been a while since you’ve bought a home, it can feel overwhelming but just know the lender’s giving you a lot of $$$$ and they want to make sure you’re a good risk to follow through on your promise to pay….so they have lots of questions!

The best thing you can do before you’re under contract to buy a home is to choose an exceptional loan officer as your mortgage partner and have as much documentation in before you ever make an offer to buy a home!

Need a local Charlotte area loan officer? I have several fantastic ones and my top two are the amazing Kelly Waugh with Fairway Mortgage (she’s direct, super knowledgeable and excellent at client care/communication) and Patti Galloway with CFL Mortgage (she’s also very client care focused, excellent service and knowledge)

What questions do you have about the home buying process? Email me at and I’ll be happy to assist!

Create your own custom home search (NO registration required and listings updated daily): Search Charlotte NC Area Homes for Sale

Copyright©2013 by Diane McDermott, All Rights Reserved, “Getting a Loan to Buy a Home? Expect Questions, LOTS of them from the Lender”

The content of this blog is the original content of Diane McDermott, NC Residential Real Estate Broker in Charlotte NC’s real estate market serving neighborhoods in Charlotte NC

Search Charlotte NC Area Homes for Sale

Follow Me on Pinterest



About dianemcdermott

Joyfully divorced, Diane is passionate about sharing her story, experience, wisdom and insight from this beautifully brutal life. Passionate about heartfelt connection in all areas of her life she is a public introvert and most enjoys connecting with and spending quality time with friends, chosen family and clients that are uplifting and inspiring. Her core values of connection, humor, integrity, authentic alignment influence all aspects of her life. She is intentional in all that she does. Diane is the founder and owner of Between the Lines LLC Ghostwriting Services and McDermott Real Estate LLC
This entry was posted in Buyers, Real Estate and tagged , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s