e lenders will use to consider your loan application.
Social Security Number, for borrower and co-borrower if any
Income Information if Salaried: Copies of last two years tax returns - MUST BE SIGNED AND DATED with W2's, pay stubs covering last 30 day period that show year to date gross income
Employment History: For the last two years, employment dates, addresses, position held and years in same line of work.
Asset Information: Checking and Savings Accounts, Certificates of Deposit and earnest money deposit if any.
Location of bank accounts, account numbers and balances;
Address of bank
Last 3 months' statements
Stocks, Bonds, Mutual Funds and Investment Accounts
Broker's name and address, description of stocks, bonds, etc.
Last 3 months' statements or copies of stock certificates
Life Insurance Policies
Insurance company, policy number, face amount, cash value, if any
Retirement Plans
IRA's, 401(k)'s, Pension Plans with vested interest value
Copy of last 2 statements
Automobiles
Make and model of automobiles, their resale value
Other Assets
Market value of personal and household property
Liabilities: This information will be provided by your credit report including Non-Mortgage Debt, Creditors names, addresses, account numbers
Monthly payments and balances
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Other income information you may need |
If you're self-employed
Copies of last two years tax returns - MUST BE SIGNED AND DATED with 1099's
Your tax return should include income from:
Commissions
Overtime
Bonuses
Partnerships
Rental Property
Trusts
Notes Receivable
Interest/Dividends
If employed in family business
Personal federal income tax returns and all schedules for the past two years
If divorced or separated
Complete executed divorce decree and settlement agreement
Payment history of alimony/child support over the past 12 months, if it is a financial obligation.
If you choose to have this be considered as part of your income (you don't have to), be prepared to provide 12 months canceled checks or bank statements reflecting income deposits.
Name and address of all mortgage lenders for the past 24 months, account numbers, monthly payments and balances
If you've sold your home but not closed:
A copy of the sales contract
If you've sold your home, closed, and you will use the proceeds for your new down payment:
A copy of the HUD-1 Uniform Settlement Statement
Name, address and phone number of landlords for the past 24 months
Purchase sales contract or offer to purchase and all addenda
Furnish contract with original signatures of buyer and seller
If a source of your down payment is a gift:
Name, address and relationship of donor.
Gift funds will be verified in both the donor and recipient's accounts.
Note: Not all loan programs allow gifts to be part of your down payment.
For FHA Financing
Evidence of Social Security Number and photo identification
For VA Financing
DD214 and Certificate of Eligibility
For Construction/Perm Loan
Signed construction with cost breakdown, builder plan and specifications