Loan Checklist

• Personal Documentation

  • Two forms of personal identification
  • Residence addresses for the previous 2 years

   

• Employment

  • Employer name, address and phone number (2 year history)
  • Written explanation of any employment gaps during last 2 years

• Income

   

  • Pay stubs for most recent 2 months
  • W-2 forms for the most recent 2 years (all employers)
  • Verification of child support, alimony or separate maintenance for the last 12 months
  • Copy of your most recent Social Security Award letter
  • Lease Agreements if using rental income to qualify (tax returns will be required)

• Self-Employed or paid by commission

  • Federal tax returns for the most recent 2 years
  • Year-to-date Profit and Loss statement and balance sheet
  • Corporate tax returns and all schedules

• Assets

  • Bank accounts, checking and savings for mos recent 2 months
  • Investment accounts for most recent 3 months
  • 401K, IRA, Employee Retirement savings plan statements for most recent 3 months
  • Social Security, Retirement, Disability Awards letter

• Credit

  • All pages of Divorce Decree
  • All bankruptcy papers including filing and discharge in past 7 years
  • Mortgage company, loan balance, payment amount and loan numbers for last 2 years

• Standard Real Estate Documentation

  • Previous real estate settlement statement
  • Copy of the fully executed Sales Contract for the home you are purchasing
  • Name and phone number of our real estate agent
  • Homeowner's insurance agent and phone number

   

• Refinance Loans
  
  • Year property was acquired
  • Original cost of the home
  • Original loan amount
  • Current loan amount

• Veterans

  • Certificate of Eligibility
  • Form DD-214