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Application Checklist What Documents Will I Need to Apply? Below you will find the more tradional list of documents typically
needed to complete a loan application. All Loans:
Copies of
previous two years W-2 forms for all jobs Copy of
the two most recent pay stubs Executed
sales contract signed by Buyers and Sellers (if this is a
purchase) Name,
address, and telephone number of all employers for past 24 months
Copies of
your last three months bank statements including checking, savings
account(s), money market etc. The most
recent 2 monthly statements for any Stocks, Bonds, Mutual Funds, IRAs, Thrift
Savings Plans (TSP), Retirement Accounts etc. If you are
currently renting, provide either the name and address of your
landlord(s) covering the past 24 months or 12 months of canceled
rent checks If you are self-employed or paid by commission:
Previous
two years Federal Income tax returns with all
schedules Previous
two years Business tax returns complete with all schedules (for self
employed) Year-to-date profit and loss statement. (for self
employed). This may be
unaudited If you have filed bankruptcy in the last seven
years:
Copy of the bankruptcy papers including all schedules and
the "Discharge of Bankruptcy". A list of
any credit obtained since the
bankruptcy If you own other properties:
Address of
the properties and current market value. Any debt
owed on properties, Lender's name, address, account number, monthly
payment, and current balance. If rented,
a copy of the current lease(s). If you will be using Child Support/Alimony income to qualify or
are obligated to pay Alimony Copy of
the RECORDED Divorce Decree and Property
Settlement If rented,
a copy of the current lease(s). If gift funds or relocation benefits will be used for closing:
Signed Gift Letter from a parent or
relative or other organization to help pay the down payment and/or closing costs. [This letter simply states that the money is in fact a gift and will not have to be repaid.] If your employer provides payment of closing costs as part of your relocation package, bring a copy of the relocation policy / employment letter.
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EMail Ruthie
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