Loan Application Checklist



Purchase Agreement.
If you are selling your current home, copy of listing contract.
If you have sold your current home, copy of the Closing Disclosure (CD)


Pay stubs for the last 30 days.
For the past two years:


W-2s
Statements for each bank, mutual fund, and/or investment account for the last twomonths.
Estimated value of personal property
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 two years (with schedules).

Year-to-Date Profit and Loss Statement
I

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:

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).


Copy of DD Form 214, Report of Separation if you are applying for a VA loan


Photo ID and proof of Social Security number.
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.

 

 

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