Loan Checklist
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In general, the documentation you will need includes:
Check or credit card for application fee
Property Information (if you already have a contract on a house)
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Purchase Agreement.
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If you are selling your current home, copy of listing contract.
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If you have sold your current home, copy of settlement statement (HUD-1).
Income & Assets
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Pay stubs for the last 30 days.
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For the past two years:
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Names and addresses of each employer.
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W-2s
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Statements for each bank, mutual fund, and/or investment account for the last three months.
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If you have made any large deposits to your accounts:​
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Explanation and source for deposit.
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If large deposit was a gift:
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Copy of gift check.
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Copy of deposit receipt.
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If you own more than 25% of a business:
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Corporate or partnership tax returns.
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If self-employed:
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Tax returns for the last three years (with schedules).
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Year-to-Date Profit and Loss Statement prepared by an accountant.
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If you own rental property:
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Tax returns for the last two years and current rental agreements.
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If you are retired:
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Pension Award Letter.
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If you receive Social Security:
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Social Security Award Letter.
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If you are counting child support as income:
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Copy of divorce settlement.
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Copy of twelve months of cancelled child support checks.​
Debts
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Names, addresses, account numbers, balances and monthly payments on all current loans.
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Explanation of credit report anomalies, including:
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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).
VA Loans
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Copy of DD Form 214, Report of Separation.
Miscellaneous
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Photo ID and proof of Social Security number.
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Residence addresses for the past two years.
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If applicable, a copy of your divorce decree.
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If you are not a citizen, a copy of the front and back of your green card.