Loan App Checklist

Property Information (if you already have a contract on a house)

• Purchase Agreement.
• Copy of legal description and MLS sheet.
• If you are selling your current home, copy of listing contract.
• If you have sold your current home, copy of settlement statement (HUD-1).

Income & Assets

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

1. Names and addresses of each employer.
2. W-2s
3. Statements for each bank, mutual fund, and/or investment account for the last three months.

• If you have made any large deposits to your accounts:

1. Explanation and source for deposit.

• If large deposit was a gift:

1. Signed gift letter (lender can supply).
2. Copy of gift check.
3. Copy of deposit receipt.

• If you own more than 25% of a business:

1. Corporate or partnership tax returns.

• If self-employed:

1. Tax returns for the last two years (with schedules).
2. Year-to-Date Profit and Loss Statement prepared by an accountant.

• If you own rental property:

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

• If you are retired:

1. Pension Award Letter.

• If you receive Social Security:

1. Social Security Award Letter.

• If you are counting child support as income:

1. Copy of divorce settlement.
2. Copy of twelve months of cancelled child support checks.

Debts

• Explanation of credit report anomalies, including:

1. Late payments, credit inquiries in the last 90 days, charge-offs, collections, judgments and/or liens.
2. Bankruptcy filed within last seven years (bring a copy of your bankruptcy papers).

VA Loans

• Copy of DD Form 214, Report of Separation.

Miscellaneous

• Photo ID and proof of Social Security number.
• Residence addresses for the past two years.
• If applicable, a copy of your divorce decree.
• If you are not a citizen, a copy of the front and back of your green card and/or visa documents.

---