Loan Application Checklist

The following will be needed to compete your application:

c Two year housing history

c Employment history for the past two years

 

Property Information

Purchase (if you already have a contract on a house)

c Purchase Agreement.

c Copy of earnest money deposit check(s) given prior to application

Refinance

c Copy of current mortgage statement

c Copy of current homeowner’s insurance policy

c Copy of current tax bill

Miscellaneous property information

c If you are selling your current home, copy of listing contract.

c If you have sold your current home, copy of closing disclosure.

Income

c Pay stubs for the last 30 days.

c 2 years W-2s

If self-employed:

c Tax returns for the last three years (with schedules).

c Year-to-Date Profit and Loss Statement prepared by an accountant.

If you own more than 25% of a business:

c Corporate or partnership tax returns.

If you own rental property:

c Tax returns for the last two years and current rental agreements.

If you are counting child support or alimony as income:

c Copy of divorce settlement.

c Copy of twelve months of cancelled child support checks

If you are retired:

c Pension Award Letter.

If you receive Social Security:

c Social Security Award Letter along with three months bank statements, all pages, showing receipt of social security income

Assets

c Complete statements for each bank, mutual fund, and/or investment account for the last two months.

Debts

Signed letter of explanation for credit report anomalies, including:

c Late payments, charge-offs, collections, judgments and/or liens.

c Credit inquiries in the last 120 days

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

c If you are obligated to pay child support or alimony a copy of your divorce decree will be needed

VA Loans

c Copy of DD Form 214, Report of Separation.

Miscellaneous

c Copy of unexpired Photo ID

c If you are not a citizen, a copy of the front and back of your green card.

Have questions? Give us a call at 603-893-6616.