Document that may be needed for Application

Document that may be needed for Application

The first step toward securing a mortgage loan is to collect the information needed to complete a loan application. Providing complete and accurate information will permit us to process the loan with greater speed and accuracy.

Most loans application with us require only the following documentation from you:

  • Most recent pay stubs covering a 30-day period and showing year-to-date income
  • All W-2 for the past 2 years
  • Last two month’s personal bank statements

This following checklist itemizes information and documentation that MAY be needed to process mortgage loans depending on your exact individual situation.
 It is no way meant to be all inclusive.

 PERSONAL

  • Photo Identification
  • Evidence of Social Security Number
  • Home address for past 10 years
  • Name, address and phone number of all landlords from the past 2 years

EMPLOYMENT

  • Name, address and phone number of all employers for the past 2 years
  • Employment contract if applicable
  • Relocation and/or buyout package if applicable
  • Academic transcripts/diploma if recent student

INCOME

SALARIED/HOURLY

  • Most recent pay stub(s) covering a 30-day period and showing year-to-date income
  • All W-2 and/or 1099 forms for the past 2 years

IF SELF-EMPLOYED

  • Current profit & loss statement
  • 2 years tax returns (all schedules)

CORPORATE BUSINESS OWNER

  • 2 years signed business returns
  • Evidence of quarterly tax payments

PARTNERSHIP

 RENTAL INCOME

  • Current lease agreement
  • 2 years tax returns (all schedules)

 INTEREST, DIVIDEND, BONUS OR COMMISSION

  • 2 years tax returns (all schedules)

NOTES RECEIVABLE

  • Copy of actual note
  • 2 years tax returns (all schedules)

 SOCIAL SECURITY DISABILITY OR PENSION

  • Award letter
  • All W-2 and/or 1099 forms for the past 2 years
  • Evidence of recent receipt (check stub or bank statement)
  • Proof of automatic deposit agreement if applicable

 CHILD SUPPORT, ALIMONY OR MAINTENANCE

  • 1 year cancelled checks or proof of receipt
  • Printout of court registry, if applicable

ASSETS

  • Most recent statement(s) for the past 3 months for each institution where funds are on deposit including IRA’s &401’s.
  • Estimated value of personal property, automobiles and real estate owned
  • Copy of cancelled earnest money check
  • Gift money affidavit if applicable
  • Copy of cancelled gift money check (preferably a cashiers check) if applicable
  • Evidence of deposit of gift funds (deposit slip)
  • Evidence of donor’s ability to give gift (Conventional financing only)

LIABILITIES

  • Name and account number for ALL creditors including but not limited to installment loans, car loans, credit cards, student loans, etc.
  • Name, address and account number for all mortgages including current residence and rental properties
  • Monthly child care expenses
  • Child support, alimony or maintenance information

MISCELLANEOUS

  • Copy of signed listing agreement or sales contract if present residence is to be sold
  • Copy of signed purchase contract and any addendums
  • Final divorce decree and complete separation agreement
  • Complete bankruptcy papers for last 7 years
  • Closing documents for property sold or refinanced during the past 5 years
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