<b>Loan Application Checklist</b>

Loan Application Checklist

Loan Application Checklist

I. Property Information (If you already own your home or have a contract on a house)

  1. Copy of legal description from taxing authority (purchase or refinance)
  2. Purchase agreement and MLS sheet (purchase)
  3. If you are selling your home, copy of listing contract
  4. If you have sold your home, copy of settlement statement (HUD-1)

II. Income and Assets

  1. Pay stubs for the last 30 days
  2. Names and address of each employer (last 2 years)
  3. Copies of W-2s (last 2 years)
  4. Statements for each bank, mutual fund, and/or investment accounts for the last 3 months
  5. Estimated value of personal property and furniture
  6. Copy of corporate or partnership tax returns (if own 25% or more of a business)
  7. Tax returns for past 3 years with schedules (if self-employed)
  8. Accountant prepared Year-to-Date Profit and Loss statement (if self-employed)
  9. Tax returns for the last 2 years and current rental agreements (if own rental property)
  10. Pension Award Letter (if retired)
  11. Social Security Award Letter (if receiving Social Security)
  12. Copy of divorce settlement (if counting child support as income)
  13. Copy of 12 months of canceled child support checks (if counting child support as income)

III. Debts

  1. Names, addresses, account numbers, balances and monthly payments on all current loans
  2. Explanation of negative records contained within credit report (late payments, charge-offs, collections, judgments and/or liens)
  3. Copy of Bankruptcy papers if filed within past 7 years

IV. VA loans

  1. Copy of DD Form 214, Report of Separation

V. Miscellaneous

  1. Photo ID and proof of Social Security number
  2. Residence addresses for the past 2 years
  3. If applicable, a copy of your divorce decree
  4. If you are not a citizen of the United States, a copy of the front and back of your green card



NMLS:  672886