Loan Application Checklist

In general, the documentation you will need includes:
Check for application fee $65.00. Includes multiple credit pulls through the process, automated underwriting as well as any unused portion is credited at closing.

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.

Tax Returns with All Schedules, 1099's and W2's

College Transcipt (Education counted as work history)

Statements with All Pages 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 Irregular Deposits and Withdrawls

If large deposit was a gift:

Signed gift letter (lender can supply).

Copy of gift check.

Copy of deposit receipt

Source and Season Donor Ability

  If you own more than 25% of a business:

Corporate or partnership tax returns all pages and schedules.
  If self-employed:

Tax returns last two years 2010 and 2011 (with all schedules)

Year-to-Date Profit & Loss Statement, Income Statement and Balance Sheet prepared by an accountant. Must be audited finacials by CPA if using to qualify.

  If you own rental property:

Rent Schedule must be included inTax Returns for the last two years and current rental agreements.
  If you are retired:

Pension Award Letter. Document it will continue 2 years or more
  If you receive Social Security:

Most Current Social Security Award Letter documenting it will continue for two years or more
  If you are counting child support as income:

Copy of divorce settlement.

Copy of past twelve months of cancelled child support checks or print out from Attorney General.


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 120 days, charge-offs, collections, judgments and or liens.

Bankruptcy filed within last seven years (bring a copy of your bankruptcy papers). Discharge of Dismissal.

VA Loans

Copy of DD Form 214, Report of Separation.

or Statement of Service if Active Duty


Photo ID and proof of Social Security number.
Residence addresses for the past two years.
If applicable, a copy of your final divorce decree signed by Judge
If Permanent Resident, a copy of the front and back of your green card.