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.



  •     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.



  •     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.


Doug Hunt | Mortgage Consultant | NMLS # 69171

New American Funding | NMLS #6606

13700 Reimer Dr N Ste. 100

Maple Grove, MN 55311

Cell: (612) 940-0780

Office: (763) 710-8385

  • Facebook
  • Twitter
  • LinkedIn


© 2020 Broker Solutions, Inc. DBA New American Funding. All Rights Reserved. NMLS ID# 6606. Corporate Office located at 14511 Myford Road, Suite 100, Tustin, CA 92780. We at New American Funding take great pride in our customer service and make it our number one priority. We encourage you to contact us for complaint resolution or any questions you may have regarding the servicing of your loan. We strive to have your experience with New American Funding a stellar one. In the rare case that our service did not meet your expectations, please call our customer care hotline at 1-800-450-2010, ext. 7100 or you may contact us by email Please leave a detailed message and we will follow up with you no later than the end of the next business day.

If you are using a screen reader or other auxiliary aid and are having problems using this website, please call 800-450-2010 Ext. 7100 for assistance.

NMLS Consumer Access:
State Licensing:
Terms of Use:
Electronic Consent Agreement:
California Privacy Act Disclosure: