•
Year-to-Date Profit and Loss Statement
(for self employed)
• Corporate
or Partnership tax returns (if applicable)
• Pension
Award letter (for retired individuals)
• Social Security
Award letters (for those on Social
Security)
• Most recent
30 day pays stubs.
Regular
Loans
• Credit report
• Name, address,
and all income earned from all employers
for the
past
two years
• List of
employers for the past 2 years.
• List of assets
include address, type of account,
account
numbers,
balances.
• Homeowners
Insurance Information (name and phone
number of
agent)
• Last 2 years’
W-2 forms.
• Last three
months bank statements (all pages
of statements).
• Current
mortgage company name, address, phone
numbers and
account
numbers (Purchase n/a)
• Copy of
Driver's License or photo ID and social
security number.
• List of
all open credit accounts:
• Charge accounts
• Car loans (include account
numbers, payment amounts, and
balances)
Asset
Items
• Statements
for two months on all stocks, mutual
funds, bonds.
• Checking
or savings information.
• Copy of
latest 401K statement (or other retirement
assets)
• Explanations
for any large deposits and source
of those funds
• Copy of
HUD1 Settlement Statement on recent
sales of homes
(see
glossary for HUD1)
• Copy of
Estimated HUD1 Settlement Statement
if a previous
home
is for sale,but not yet closed
Credit
Items
• Landlord's
name, address, and phone number (for
verification of
rental,
if you currently rent)
• Explanations
for any of the following items which
may appear on
your
credit report:
•
Late payments
•
Credit inquiries in the last 90 days
•
Charge-offs
•
Collections
•
Judgments
•
Liens
• Copy of
bankruptcy papers if a bankruptcy
shows up on your
credit
report or if you have filed bankruptcy
within the last seven
years
VA Loans
• Copy of
DD214 - If you were in the military,
you undoubtedly
know
what this is because when you get
out of the service they
constantly
remind you to never ever lose this
form. o For those
that
were not in the military, it is basically
a one-page
summary
of an entire military career, including
test scores,
important
dates, awards, and other military
data.
2nd Mortgages
/ Home Equity Loans
• Copy of
your first mortgage note
• Address
of properties and current market value.
• Any debt
owed on properties; Lender's name,
address, account
number,
monthly payment, and current balance.
• Copy of
previous two years Federal Income
Tax Returns with all
schedules.
• If rented,
copy of lease.
• Copy of
current Property Deed
• Copy of
Homeowner’s Insurance declaration
page(s)
Self
Employed/Commissioned Pay
• Previous
two years Federal Income Tax Returns
with all schedules
and
a year-to-date profit and loss
statement.
Other
Miscellaneous
• Copy of
purchase agreement (if you have already
made an offer)
• Document
receipt of child support (if you desire
to show it as
income)
• Copy of
divorce settlement (to show the amount)
• Gift letter
(if some of the funds come as a gift
from a family
member)
• If you have
filed bankruptcy within the last seven
years, Copy of
petition
and discharge and a handwritten explanation
of reason
for
bankruptcy.
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