Author: Julie Settlemire NMLS #140728

Getting your mortgage approved means sharing a clear financial picture with your lender—and knowing what to expect can make the process smoother from the start. Lenders typically ask for proof of income and employment, so you’ll want to gather recent pay stubs, W-2s, and information about your current employer. If you’ve received bonuses or have rental income, those records help, too. For self-employed borrowers, tax transcripts or full federal returns are usually required—something I walk through often with clients who have complex income sources across Tennessee, Alabama, and North Carolina.

Identification documents like a government-issued ID and Social Security number are standard, and you’ll likely need to provide your current and previous addresses. Recent statements from checking, savings, or investment accounts help verify your down payment, closing costs, and reserves. Lenders also review your credit history and all monthly obligations—including car loans and child support—to calculate your debt-to-income ratio and determine how much you can borrow. If you’re using gift funds for your down payment, expect to provide a gift letter and transfer documentation.

Having these documents ready can speed up your approval. Whether you’re a first-time buyer needing guidance, an investor looking for efficiency, or self-employed and needing someone who understands your unique paper trail, I’m here to help you approach your mortgage journey with clarity and confidence.

When it comes to buying a home, I’ve found that starting with a plan—before you even peek at listings—really makes the difference. As someone who’s used to juggling family schedules, bills, and all the moving parts of daily life, I know how important it is to first get a clear sense of your income, debts, and monthly bills. Knowing your comfortable payment range up front makes homeownership feel manageable, instead of overwhelming.

It’s also wise to check your credit early, fix any errors, and pay down balances where you can. Even small changes here can help you land a better loan offer, which can mean real savings down the road.

And don’t forget: saving goes beyond just the down payment. Planning ahead for closing costs, the move itself, and any early repairs will help you avoid those unwelcome surprises in your first months as a new homeowner.

Getting pre-approved before you start touring homes makes your search sharper and shows sellers you’re serious—sometimes it’s the detail that tips the scales when there’s competition.

Finally, working with a buyer’s agent who really knows the local market is key. From spotting red flags to negotiating clearly, they’ll help you focus on the basics and keep things calm all the way to closing. That’s the kind of support I’d want for my own family—and the approach I always take when navigating big decisions.

Ever wonder if working with a mortgage broker makes a difference? Brokers actually have access to more lending options than banks, including some deals you won’t find advertised anywhere else. They also tailor their advice to your unique situation—things like your income, credit, the deposit you have saved, and the type of property you’re interested in. As someone who values finding the best fit for my own family, I know how important it is to have choices and guidance that truly match your needs.

Labor Day in the United States celebrates the contributions of workers everywhere, while also unofficially marking the final big summer weekend before fall takes over.
It’s known for backyard barbecues, road trips, and that classic tradition of buying things you didn’t know you needed because “it’s on sale.”
Beaches, parks, and grills reach peak activity as everyone tries to squeeze every last drop of summer fun out of the long weekend.
Happy Labor Day! Wishing you a fun, easygoing weekend filled with good vibes, great food, and absolutely no thoughts about Monday.