GET PREPARED: LOAN APPLICATION CHECKLIST

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ALL BORROWERS WILL NEED TO BRING:

  • Copy of driver's license(s) for applicant and co-applicant
  • Copies of W-2's for the last two years
  • Copies of paycheck stubs for the previous 30 days (or most current)
  • Checking and Savings account statements for the previous three months
  • Quarterly or semi-annual statements for all checking, savings, IRA's, CD's, money market funds, stocks, 401k, profit sharing, etc.
  • Copy of sales contract when ratified
  • Employment history for the last two years (addressing any gaps in employment)
  • Detailed residence history for the previous two years. Including rental property leases, or mortgage information
  • Payment for cost of appraisal & credit report
  • Refinance Copy of Note, Deed of Trust, Settlement Statement, Survey, and Insurance
  • Any assets used for down payment, closing cost, and cash reserves must be documented by a paper trail

ADDITIONAL DOCUMENTS WHICH MAY BE REQUIRED:

  • Relocation Agreement if move is financed by employer, (buyout agreement & documentation showing company paid closing costs benefits)
  • If you've previously filed for bankruptcy, copies of bankruptcy petition and discharge, including supporting schedules
  • Documents supporting monies received from social security/retirement trust income, (direct deposit statements, awards letter) showing evidence income will continue
  • If you've paid off your mortgage in the previous 2 years, copies of HUDI
  • Canceled earnest money check when it clears or corresponding bank statement, if applicable
  • Commissioned or bonus income, if 25% or more of base, must have tax returns
  • Divorce Decree if applicable

SELF-EMPLOYED BORROWERS WILL ALSO NEED TO BRING:

  • Copies of most recent 2 years tax returns (with all schedules including k-I's if applicable)
  • Copies of current profit & loss statement, and balance sheet
  • Copies of corporate/partnership tax returns for most recent 2 year period if owning 25% or more of company - copies of W-2's and/or 1099 forms

FHA BORROWERS ALSO NEED TO BRING:

  • Copies of security card and driver's license for each applicant and co-applicants

VA BORROWERS ALSO NEED TO BRING:

  • Original Certificate of Eligibility and copy of DD214 Discharge Paper
  • Name and address of nearest living relative
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