Loan Checklist

This helpful and concise checklist will provide you with the types of information you should prepare prior to your loan application appointment.

Identification

  • Current photo identification (driver’s license or ID card) for each borrower

  • Resident alien card

Income

  • Current pay stubs (one full months)

  • W2s/1099s (last two years) and names and addresses of each employer

  • Evidence of social security/retirement income (i.e. copy of check or award letter)

  • Federal tax returns, with all schedules/attachments (last two years)

  • Partnership/corporate tax returns (last 2 years)

  • Signed year-to-date profit and loss statement

  • K1s for all partnerships

  • Evidence of child support income (i.e. 12 months cancelled checks) (only if applicable and requested by underwriting)

  • Rental agreements on all rental properties

Assets

  • Bank statements, all pages (last two to three months)

  • Money market statements (last two to three months)

  • 401k statements

  • Original gift letter

  • Copy of transfer of gift funds to escrow or your bank account (ask us first)

  • Verification of donor’s ability to give gift funds (i.e. bank statement)

  • Copy of current mortgage Note (refinance only)

  • Declaration page from current hazard

  • Insurance policy or preferred insurance provider

Credit

  • Landlord addresses (last two years)

  • Complete divorce settlement documents (only if applicable and requested by underwriting)

  • Complete bankruptcy papers

  • Explanation of derogatory credit