family house daytime

Loan Application Checklist

I. Property Information (if you already own your home or have a contract on a house)
  • Copy of legal description from taxing authority (purchase or refinance)
  • Purchase agreement and MLS sheet (purchase)
  • If you are selling your home, copy of listing contract
  • If you have sold your home, copy of settlement statement (HUD-1)

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

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

IV. VA Loans
  • Copy of DD Form 214, Report of Separation

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

NMLS: 672886

Autumn city views.