Loan Application Checklist

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 the settlement statement (HUD-1)

Income & Assets

       Pay stubs for the last 30 days

       W-2s for the past two years

       Statements for each bank, mutual fund, and/or investment account for the last three 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 can provide)

                               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

       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 canceled child support checks

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, copy of your divorce decree

       If you are not a citizen, a copy of the front and back of your green card