Loan Checklist

>> To get approved for a loan, you will need to provide most of the documents listed below.

Here you can download this generic
Checklist for your convenience.  It will be modified based on your situation, depending on whether you are self-employed, a veteran, or whether you are purchasing, refinancing, and other factors). 


Identification, application fee
photo ID (driver's license, green card)
2-year residential history
credit card to pay for your credit report

If you are buying
Purchase Agreement
If you are selling your current home, copy of sales contract
If you have sold your current home, copy of settlement statement (Closing Disclosure or CD)

If you are refinancing
survey (if you don't have an existing survey, a new one will be ordered)

Your Assets
bank statements for each checking, savings, investment and/or retirement account for the last two months
  If you have made any large deposits to your accounts:
 

Explanation and source for deposit

If large deposit was a gift:
 

Signed Gift Letter (we will provide the blank form)

Copy of gift check

Copy of deposit receipt

Your Income

Pay stubs for the last consecutive 30 days.
  For the past two years:
 

employment history (names and address of each past employer)

W-2s
personal federal income tax returns
  If you own more than 25% of a business:
 

Corporate or partnership tax returns.
  If you are self-employed:
 

Tax returns for the last two years (with all tax schedules).

Year-to-Date Profit and Loss Statement prepared by an accountant.
  If you own rental property:
 

Tax returns for the last two years
 Current rental agreement(s) (if the property was acquired after you have filed your last tax return)
  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 decree/settlement

Copy of twelve months of cancelled child support checks

Liabilities

Explanation of credit report anomalies, including:
 

credit inquiries in the last 90 days
derogatory credit (late payments, charge-offs, collections, judgments and/or liens)

VA Loans

Certification of VA Eligibility

Questions about the Loan Checklist?  Call us at (512) 916-9955.