LOAN APPLICATION CHECKLIST

 

PROPERTY INFORMATION

Credit Card/Check for Application Fee
Purchase Agreement, Listing Ticket, All addendums (if bank owned, need bank addendum)
If you have sold your home w/in 90 days, the HUD statement

 

INCOME AND ASSETS

Last 2 pay stubs
Last 2 years W2’s (all disclosed on application w/address’)
Last 2 months bank statements
Most recent statement for 401k, mutual funds, IRA’s

 

IF RECEIVING A GIFT

Gift Letter
Copy of Gift Check
Proof of Deposit
Source of where it came from (FHA)

 

IF YOU ARE SELF EMPLOYED (25%-100% OWNERSHIP), 1099 OR A COMMISION EMPLOYEE

Last 2 years Personal Returns
Last 2 years Corporate or Partnership Returns
Year to Date Profit and Loss

 

SOCIAL SECURITY/PENSION

Pension Award Letter
Social Security Award Letter
Proof it is being currently received (bank statements, copy of check)

 

DIVORCE/CHILD SUPPORT

Copy of Divorce Decree
If receiving child support, 3 months worth of receipts (bank statements, FOC letter)

 

VA LOANS

DD214
Certificate of Eligibilty