Loan Application Checklist

In general, the documentation you will need includes:
Check for application fee
Property Information (if you already have a contract on a house)
Purchase Agreement.
Copy of legal description and MLS sheet.
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 and addresses of each employer.

W-2s
Statements for each bank, mutual fund, and/or investment account for the last three months.
Estimated value of personal property and furniture.
  If you have made any large deposits to your accounts:
 

Explanation and 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 three 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.
  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).

VA Loans
Copy of DD Form 214, Report of Separation.

Miscellaneous
Photo ID and proof of Social Security number.
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.

 

 

ReMax Unlimited @ Cherry Creek Reservoir 3300 S Parker Road Suite 100 Aurora, CO 80014
Phone: Toll Free Phone: Cell: Fax:

Inspections - Why get one? | ABOUT MARILYN | Radon Information | CONTACT US! | Curb Appeal List | Setting the Sales Price | Tax Closing Costs | Lead in the Home | Getting the Highest Price | Selling your own home | Search for Homes | FICO Scores | MORTGAGE INFO | FOR SELLERS | ABOUT LENDERS | MILITARY RELO | PREPARE YOUR HOME | THE REAL ESTATE CONTRACT | TERMS & MORE... | MORTGAGE CALC. | NEW HOMES | NASTY STUFF! | STOP FORECLOSURE | COST VS VALUE | $8000 TAX CREDIT | Closing Costs | First Time Buyers | Get Pre-qualified | Inspection Tips | Home Buyer Checklist | FOR BUYERS | Download Adobe Acrobat | Environmental Issues | Real Estate Terms | Agent selection | Home | Loan Application | Loan Application Checklist | Bi-Weekly Mortgages | Mortgage Saving Tips | Downpayments - yes or no | Document Your Assets | Writing the Offer | Loan Programs | Mortgage Shopping | Locking in Rates | Lender Types | Staying Approved | Neighborhood Prices | Preparing your home for market | Staging Checklist | Creative Financing | GET YOUR DREAM HOME | 9 Steps to Owning | Mold in the Home | Seller Paid Closing | Site Map | Bi-weekly Pmt Calc | Fixed Rate Mtg Calc | 15 vs 30 Year Mtg Calc | Mtg Tax Savings Calc | ARM vs Fixed Rate Calc | Mortgage Payoff Calc | Rent vs Buy Calc | Refi Breakeven Calc | Mortgage Calculators | Your Dream Home | 9 Steps to Ownership | How to Sell Your Home | Staging Your Home | Winterize your Home | Why Homes Don't Sell | Make Showings Easy | Buying Foreclosures/REO's | Contingencies in Contracts | Homeowner Warranties | Flowers Add Curb Appeal! | Ethics in Real Estate | Home Appreciation | Fixer Uppers

Copyright © 2010 ReMax Unlimited @ Cherry Creek Reservoir
Portions Copyright © 2010 a la mode, inc.
Another XSite by a la mode, inc. | Admin Login| Terms of Use| Site Map
All rate, payment, and area information are estimates and approximations only.