If you are in the market for a home loan, then you need to know that your lender is going to require you to furnish them certain information. Most of them will require you to provide:

* Social Security numbers for both you and any co-borrowers

* Copies of checking and savings accounts statements for the past six months

* Proof of any other assets such as bonds, stocks, or money saved in retirement programs

* Recent paycheck stubs

* W-2 withholding forms, or income tax returns for the past two years to verify your income and proof of employment

* A list of all credit card accounts and the approximate amount you pay each month

* A list of account numbers and balances due on outstanding loans, such as car loans

* The name and address of someone who can verify your employment

* Residence history for the past two years

* Sales contract for the purchase of a new home

* Homeowner's association information with contact information if property is a condo or part of a homeowner's association.

When deciding which home loan is the best for you, be sure and compare different loan plans. Rates, fees, terms, and conditions can vary from lender to lender. Only by comparing can you recognize the best deal.