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Ever wonder what kind of information you'll need for a loan application? Print out the handy checklist below! |
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Loan Application Documents Checklist |
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| ____ | Employer's verification address, contact phone number for personnel for both Borrower. and Co-Borrower. We need to verify the last two years employment. |
| ____ | Copy of Borrower's and Co-borrower's last 2 years W-2s. |
| ____ | For self-employed, a Year-To-Date signed Profit & Loss Statement and current balance sheet. Copies of Federal Tax Returns for the last 2 years including all schedules, W-2s, 1099s, etc. These copies must be signed and dated. |
| ____ | Copy of Borrower's and Co-borrower's last 4 weeks pay stubs. |
| ____ | Copy of Borrower's and Co-borrower's Driver's License or photo ID and social security number. |
| ____ | Diploma or school transcripts, if you have been a student within the last 2 years |
| ____ | Banks: Last 3 months statements (ALL pages of statements) |
| ____ | After you purchase, verification of deposits after all funds needed for closing are on deposit. |
| ____ | Current account statements received for all asset accounts (savings, checking, mutual funds, stocks, bonds, IRA, 401(k), etc.) |
| ____ | After you purchase, copy of front and back of cancelled earnest money check or copy of front of un-cancelled check and copy of bank statements showing it cleared from your account. |
| ____ | Loans: Names, addresses account numbers, current balance and minimum monthly payments for ALL of the following: |
| ____ Installment loans | |
| ____ Credit cards | |
| ____ In-store credit cards | |
| ____ Student loans | |
| ____ | Landlord's name, address, phone numbers for the last 2 years. |
| ____ | If applies, ALL PAGES of divorce decrees, property settlements, separation agreements, child support. |
| ____ | If applies, Bankruptcy papers with ALL PAGES and an explanation of the circumstances of the bankruptcy. |
| ____ | For VA loans, an ORIGINAL copy of VA Certificate of Eligibility. |
| ____ | Copy of Social Security award letter, if you get Social Security. |
| For refinance loans: | |
| ____ | Condos/Homeowners Association: Name, address and phone number of your Homeowner's Association. |
| ____ | "Purpose for refinance" letter |
| ____ | Current mortgage company name, address, phone numbers and account numbers. |
| ____ | Copy of face page of homeowner's insurance policy. |
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