The document set
Past two years of federal tax returns and W-2s or 1099s. Self-employed borrowers add business returns and a year-to-date profit and loss statement.
Last 30 days of paystubs, last two months of complete bank statements for every account used for down payment or reserves, a government photo ID, and proof of homeowners insurance once you are under contract.
Check your starting price range first →Pre-qualification vs. underwritten approval
A pre-qualification reviews your credit, income and assets through automated underwriting. A fully underwritten approval means a human underwriter has cleared income and assets, leaving only the property and appraisal outstanding.
In competitive Frisco, Prosper and McKinney submarkets, listing agents increasingly treat an underwritten approval as close to cash.
Read how lenders calculate Frisco affordability →What quietly kills files
Large unsourced deposits, new credit cards or auto loans opened mid-process, and changing jobs or pay structure before closing are the three most common causes of last-minute problems.
Send digital PDFs rather than photos of paper — clean documents shorten verification meaningfully.