Loan Application Checklist

In general, the documentation you will need includes:
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.

Statements for each bank, mutual fund, investment and/or retirement account for the last two months.
Estimated value of personal property and furniture.
  If you have made any large deposits (greater than 25% of your monthly income) 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.
  Tax Returns

Most recent Personal Tax Return, with schedules, unless selfemployed or own a business 
  If you own more than 25% of a business:

Two years Corporate or partnership tax returns.
  If self-employed:

Tax returns for the last two years (with schedules).
  If you currently own a home or vacation property:

Mortgage Statement

Proof of Insurance, your Insurance Declaration Page

Property Tax Bill

 If you own rental property:


Tax Returns for two years

Current rental agreement

Mortgage Statement

Proof of Insurance, your Insurance Declaration Page

Property Tax Bill
  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.


Explanation of credit report anomalies, including:

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

Short Sale


VA Loans

Copy of DD Form 214, Report of Separation.


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.
If applicable, a copy of your Living Trust.

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