Check List to Get the Loan

Check List to Get the Loan

Check List for Obtaining a Loan

Check List To Get Loan

All Borrowers

  • Copies of W-2s for the past two years

  • Copies of the two most recent consecutive pay stubs showing year-to-date earnings

  • Copies of checking and saving account statements for past three months (all pages)

  • Copies of quarterly or semi-annual statements for checking, savings, IRAs, CDs, money market funds, stocks, 401k, profit sharing, etc.

  • Copy of sales contract when ratified

  • Employment history for the previous two years (address any gaps of employment)

  • Residency history during the past two years, with name, phone number, address and account number of land or mortgage company; for rental property, copies of leases

  • Canceled earnest money check when it clears or corresponding bank statement, if applicable

  • Commissioned income – if 25% or more of base, must have tax returns

  • Check for the expense of appraisal and credit report

  • Refinance copy of note, deed of trust, settlement statement, survey and insurance information

  • Any assets used for down payment, closing costs and cash reserves must be documented by a paper trail

  • If paid off mortgage in the past two years, need copies of HUD1

  • Copy of driver’s license for applicant and co-applicant

  • Copies of your past two years’ tax returns

  • Copy of Social Security Card for each applicant and co-applicant.


Self-Employed Borrowers

  • Copies of your past two years’ tax returns (with all schedules, including K-I's if applicable)

  • Copy of current profit and loss statement and balance sheet

  • Copy of corporate/partnership tax returns for last two years if owning 25% or more of company plus copies of W-2s and/or 1099 forms.


Documents that may be required

  • Relocation agreement if move is financed by employer (i.e. buyout agreement plus documentation outlining company-paid closing costs benefits)

  • If you've had a previous bankruptcy, bring copies of petition for bankruptcy and discharge, including supporting schedules

  • Divorce decree (if applicable)

  • Documentation supporting monies received from Social Security/retirement trust income, i.e. copies of direct deposit bank statements, awards letter or evidence income will continue.


Documents needed for FHA/VA loans

  • FHA: Copy of Social Security Card and driver's license for each applicant and co-applicants

  • VA: Original certificate of eligibility and copy of DD214 discharge paper

  • VA: Name and address of nearest living relative.

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