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For your Loan Application
LENDER CHECKLIST:
IDENTIFICATION DOCUMENTS
Social security card and legible photo I.D.
RESIDENCE
Addresses for the previous 2 years (if renting, include landlord’s name and phone number)
EXISTING MORTGAGE (ALL PROPERTIES OWNED)
Mortgage companies name, address, account number, approximate balance, and market value
HOA bill on any properties
Homeowners Insurance declarations page (reflects agent contact info, premium and coverage period
EMPLOYMENT
Name, address, phone number of employers (current and previous 2 years)
Engagement letter (for new employment situations, citing dates and terms of your employment)
INCOME
2 most recent pay stubs and proof of any additional income including benefits, dividends, social security,
retirement, rental income, etc.
Last 2 years W-2s and/or 1099s
If self-employed or commissioned, business/personal Income Tax Returns for previous 2 years (with all schedules K-1s)
and year-to-date Profit/Loss and Balance Sheet Statements
CHECKING, SAVINGS & INVESTMENT ACCOUNTS
Names, addresses, account numbers and approximate account balances
Last 3 month’s bank/savings account statements
Checking, savings, investment accounts and retirement accounts
Names, addresses, account numbers, monthly minimum payment, balance (including zero balance accounts)
INSTALLMENT & REVOLVING DEBT
LEGAL DOCUMENTS (IF APPLICABLE)
Leases on rental property owned
Settlement statements (previously owned property, sale of business, etc.)
Copy of divorce decree or Separation Agreement
Bankruptcy with release
Documentation of child support/alimony
Transcripts from school if recent graduate
PURCHASE AGREEMENT
Copy of fully executed contract including counterproposals, addendums (signed by both the Seller & Buyer)
Copy of earnest money check
VA LOAN ELIGIBILITY
Certificate of eligibility if applying for VA loan; copy of DD 214
At time of loan application you will generally need to pay an application fee, appraisal fee and credit report