Loan Application Checklist

In general, the documentation you will need includes:
Check for application fee
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:

 Names and addresses of each employer.

W-2s
Statements for each bank, mutual fund, and/or investment account for the last three months.
Estimated value of personal property and furniture.
If you have made any large deposits to your accounts:

 Explanation and source for deposit.

 If large deposit was a gift:
 

Signed gift letter (lender can supply).

 Copy of gift check.

 Copy of deposit receipt.
  If you own more than 25% of a business:
 

Corporate or partnership tax returns.
  If self-employed:
 

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

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

Tax returns for the last two years and current rental agreements.
  If you are retired:
 

Pension Award Letter.
  If you receive Social Security:
 

Social Security Award Letter.
  If you are counting child support as income:
 

Copy of divorce settlement.

 Copy of twelve months of cancelled child support checks.

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.

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.

 

 

Davis Suncoast Realty 107 13th Avenue Suite B Indian Rocks Beach, FL 33785
Phone: Fax:

Why Title Insurance? | Why Get An Inspection? | Staff Profiles | Contact Us | Setting the Sales Price | Loan-Related Closing Costs | Getting the Highest Price | Selling your own home | Free Home Valuation | Your FICO Score | Closing Costs | Get Pre-qualified | Inspection Tips | Download Adobe Acrobat | News | Real Estate Glossary | Home | Applying for a Loan | Mortgage Saving Tips | Your Downpayment | Document Your Assets | Your Buying Power | Locking in Rates | Staying Approved | Staging Checklist | Mold in the Home | Seller Paid Closing | Fixed Rate Mtg Calc | Mtg Tax Savings Calc | ARM vs Fixed Rate Calc | Mortgage Qualifier Calc | Rent vs Buy Calc | Mortgage Calculators | 9 Steps to Ownership | How to Sell Your Home | Staging Your Home | Property management | Reasons homes don't sell | Tenant representation | Lease analysis | Buying Foreclosures/REO's | Should you paint? | The Kitchen | Ethics in Real Estate | Improvements That Pay | Selling One, Buying Another | Fixer Uppers

Copyright © 2012 Davis Suncoast Realty
Portions Copyright © 2012 a la mode, inc.
Another XSite by a la mode, inc. | Admin Login| Terms of Use| Site Map
All rate, payment, and area information are estimates and approximations only.