Use this loan application checklist to verify that you have everything ready to apply for your loan. If you want to print it or email it use the icons in the right top of the page.
In general, the documentation you will need includes:
Check for Application Fee
Property Information (if you already have a contract on a house)
Purchase Agreement
Copy of Legal Description and MLS sheet
Copy of Listing Contract (If you are selling your current home)
Copy of Settlement Statement HUD-1 (If you sold your current home)
Income & Assets
Pay stubs for the last 30 days
For the past two years:
Names and addresses of each employer
W-2s
Statements for each bank, mutual fund, and/or investment account for the last three months
Estimated value of personal property and furniture
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 three years (with schedules)
Year-to-Date Profit and Loss Statement prepared by an accountant
If you own rental property:
Tax returns for the last two years and current rental agreements
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
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 (bring a copy of your bankruptcy papers)
VA Loans
Copy of DD Form 214, Report of Separation
Miscellaneous
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
