Loan Application Check List

Purchase Agreement.

If you are selling your current home, copy of listing contract.

If you have sold your current home, copy of settlement statement (HUD-1).

Pay stubs for the last 30 days.

For the past two years:

Names and addresses of each employer.If there are gaps of employment, a letter of explanation.

W-2s

Statements for each bank, mutual fund, and/or investment account for the last two months.

Estimated value of personal property and furniture.

If you have made any large deposits to your accounts:

Explanation letter with the following format and supporting documents:

• • Account number:

  • Date, deposit amount, explanation.

If large deposit was a gift:

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).

Year-to-Date Profit and Loss Statement prepared by an accountant.

If you own rental property:

Tax returns for the last two years and current rental agreements.

Property insurance declaration on the rental properties.

If you are converting your current home into a rental property when buying a new home

Rental agreement

Copy of security deposit check

Online printout of the security deposit in your account

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.

Monthly payment statements 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).

Copy of driver licenses.

If applicable, a copy of your divorce decree.

If you are permanant resident, a copy of the front and back of your green card.

If you are on H1B or L1B visa, a copy of visa and passport.