Loan Application Checklist

In general, the documentation you will need includes:
Property Information (if you already have a contract on a house)
Purchase Agreement

Income & Assets

Pay stubs for the last 30 days
W-2s for the last two (2) years
Asset statements for the last three (3) months: checking, savings, investments, retirement
Estimated value of personal property
  If you have made any large deposits to your accounts:
 

Explanation and source of deposit

 If large deposit was a gift:
 

Signed gift letter

Copy of gift check

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

Corporate or partnership tax returns for the last three (3) years
  If self-employed:
 

Tax returns for the last three (3) years, with schedules

 Year-to-Date Profit and Loss statement

Year-to-Date balance sheet
  If you own rental property:
 

Tax returns for the last two (2) years

Current rental agreement(s)
  If you are retired:
 

Pension award letter, if applicable
  If you receive Social Security:
 

Social Security award letter
  If you claim child support as income:
 

Copy of divorce settlement

 Copy of twelve months 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

Miscellaneous

Photo ID

Proof of Social Security number

        

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