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 require only the following information from you:
- 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
- Last
two month's personal bank statements
This following
checklist itemizes information and documentation that MAY be
needed to process mortgage loans. We may ask for further
documentation if, and only if required by government agencies or
investors.
PERSONAL
- Photo
Identification
- Evidence of
Social Security Number
- Home address(es)
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 (FRA only)
PARTNERSHIP
- 2 years
signed partnership returns
- 2 years
complete personal returns
- Current
Profit and Loss statement
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
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Online Loan Application!
Equal
Housing Lender
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