Loan Application Checklist

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.
If you are selling your current home, copy of listing contract.
If you have sold your current home, copy of settlement statement (HUD-1).

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.

 

 

TO RECEIVE THE VALUE YOU'RE LOOKING FOR AND THE PROFESSIONAL SERVICE YOU EXPECT..CALL JOHANNA KNIGHT FOR ALL YOUR REAL ESTATE NEEDS

        

 


Better Homes & Garden The Masiello Group 10 Pettee Brook Lane Durham, New Hampshire 03824
Cell: Fax:

Why Title Insurance? | Why an inspection? | ResultsforYou | Contact Me | Setting the Sales Price | Tax Closing Costs | Get the Highest Price | New Hampshire Info | Durham, NH Info | Resume | Seach MLS | Closing Costs | For Buyers | Tell a Friend | Environmental Issues | Press Release | Real Estate Glossary | Our Homes | Selling Your Home | Area Homes | Our Featured Homes | Search for Homes | Home | Applying for a Loan | Loan App Checklist | Mortgage Saving Tips | Locking in Rates | Staying Approved | Neighborhood Prices | Staging Your Home | Heart of the Matter | Seller Paid Closing | Mtg Tax Savings Calc | Required Income Calc | Mortgage Calculators | Request Industry Info | Your Dream Home | 9 Steps to Ownership | Staging Your Home | Winterize your Home | Buying Foreclosures/REO's | The Listing Contract | Contingencies in Contracts | Should you paint? | Ethics in Real Estate | Selling One, Buying Another | My Blog | Win $1000

Copyright © 2012 Better Homes & Garden The Masiello Group
Portions Copyright © 2012 a la mode, inc.
Another XSite by a la mode, inc. | Admin Login| Terms of Use| Site Map
All rate, payment, and area information are estimates and approximations only.



 
State:
County:
City:
Zip: