Loan Application Checklist

In general, the documentation you will need includes:
Credit card for Credit Report 
Property Information (if you already have a contract on a house)
Signed Purchase Agreement (I can obtain from the Real Estate Agent)
Seller's Disclosure ( I like to review in case there are significant repairs needed.)
If you are selling your current home, copy of listing contract. (Agent)
If you have sold your current home, copy of settlement statement (ALTA Form)

Income & Assets

Pay stubs for the last 30 days.
  For the past two years:
 

Names and addresses of each employer.

W-2s
Last two months of Bank statements for checking and savings
Last Quarterly statement for retirement account
  If you have made any large deposits to your accounts:
 

Explanation and source for deposit.

 If large deposit was a gift:
 

Signed gift letter (I can supply the form).

 Copy of gift check and account statement from giver showing ability to give

 Copy of deposit receipt and account showing the funds deposited
  If you own more than 25% of a business:
 

Corporate or partnership tax returns for the last two years
  If self-employed:
 

If business is older than 5 years, tax returns for the last year (with schedules). If younger than 5 years, last 2 years of tax returns

 Year-to-Date Profit and Loss Statement prepared by an accountant.
  If you own rental property:
 

Tax returns for the last two years.
  If you are retired:
 

Pension Award Letter and most recent bank account statement showing funds deposited
  If you receive Social Security:
 

Social Security Award Letter and most recent bank account statement showing funds deposited.
  If you have been divorced:
 

Copy of divorce decree

 Copy of twelve months of cancelled child support checks if you wish to document income from this source.

Debts

Names, addresses, account numbers, balances and monthly payments on all current loans.
Explanation of credit report anomalies, including:
 

Late payments, credit inquiries in the last 90 days, charge-offs, collections, judgments and/or liens.

 Bankruptcy filed within last seven years (bring a copy of your bankruptcy papers).

VA Loans

Copy of DD Form 214, Report of Separation ( see VA website link on how to obtain this)

Miscellaneous

Photo ID
Residence addresses for the past two years.
Work history for the past two years.
If you are not a citizen, a copy of the front and back of your green card.



 



 

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