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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.


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