Loan Application Checklist

In general, the documentation you will need includes:
Credit card for property appraisal.
Property Information (if you already have a contract on a house)
Purchase Agreement.
If refinancing, Home Owner's Insurance declaration pages. Property tax information.
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 addresses and telephone number of each employer.

W-2s
Statements for each bank and/or investment account for the last two months.
  If you have made any large deposits to your accounts:
 

Explanation and documentation of the source for deposit.

If large deposit was a gift:
 

Signed gift letter (lender can supply).

Copy of gift check.

Copy of deposit receipt.
  If you own more than 25% of a business:
 

Corporate or partnership tax returns.
  If self-employed:
 

Tax returns for the last two years (with schedules).

 

  If you own rental property:
 

Tax returns for the last two years. If property was not listed on previous tax return provide current rental agreements.
  If you are retired:
 

Pension Award Letter.
  If you receive Social Security:
 

Social Security Award Letter.
  If you are counting child support as income:
 

Copy of divorce settlement.

Copy of twelve months of cancelled child support checks.

Debts

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 90 days, charge-offs, collections, judgments and/or liens.

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

 

Miscellaneous

Photo ID.
Residence addresses for the past two years.
If applicable, a copy of your divorce decree.
If you are not a citizen, a copy of the front and back of your green card.