Step Two: The Loan Application

Immediately after signing the contract you have to send in an information sheet to NVR finance. Aside from our initial contact resigning from the company right after we turned in our paperwork, we have not experienced any bumps in the road so far and NVR has been very responsive and helpful.

We got the loan application package from NVR pretty quickly. It was very organized & easy to understand and aside from a lot of reading & signing, we had to provide the following:

1. Copy of last 2 paystubs for each applicant
2. Copy of last two years of W-2 for each applicant
3. Copy of last two years of tax returns for each applicant
4. Copy of last 60 days of bank statements for all bank accounts for each applicant
5. Copy of most recent retirement fund statement for each applicant
6. Contact information for employer for employment verification for each applicant
7. Copy of HUD from any recent real estate sales
8. A letter of intent to sell our current home
9. A check for the credit check and inspection

NVR provided a self addressed UPS bag thing in which to return the packet and you have 48 hours to do so. We shipped ours back the next day and it has been received. So far we've been told they do not expect any issues with the loan, but we know this is a source of stress later in the build from reading other blogs, so we'll see how it turns out.

Hopefully, they'll share some of that

Next Step: Guardian