Loan Application Checklist

A. PROPERTY INFORMATION

  1. Copy of ratified contract and addenda.
  2. Copy of listing.
  3. Copy of earnest money deposit check.

B.  PERSONAL INFORMATION 

1.  Address for any/ all employers for the last 2 years for both Borrower and Co-Borrower.

2.  Address or residence for the last 2 years for both Borrower and Co-Borrower (include landlord name and address/phone number if applicable.)

C.  EMPLOYMENT INFORMATION

1.  Address of present employer and contact person for employment verfication.

a.  Written explanation for any job gap during the last 2 years.

b.  Relocation letter for employer for transferee- giving date, salary and relocation benefits.

2.  If not working for a full 2 years with current employer, provide address, contact person, phone number, working dates and income range for previous employer.

3.  Present Salary: Year-to-date pay stub (covering the most recent 30 day period) and last 2 years  W-2’s and/or 1099’s.

4.  If variable income: commission, bonus, overtime or dividend provide the last 2 years tax returns.

5.  If self-employed: last 2 years corporate tax returns and a year-to-date profit and loss statement.

6.  Diploma or transcript if student during the last 2 years.

D.  ADDITIONAL INCOME

1.  Rental income: provide copy of current 1 year lease.

2.  Alimony/Child Support (only if used for qualification): Copy of divorce decree or separation agreement; evidence of 12 months recepit of payments and continuation for 3 years.

 E.  ASSETS

1.  Bank accounts: Copy of last 2 months statements.

2.  Stocks or Bonds:  Copy of certificates.

 

F.  LIABILITIES

1.  Alimony/Child Support: Copy of ratified divorce decree and separation agreement.

G.  SALE OF PRESENT HOME

1.  Listing

2.  Sales Contract

H.  FUNDS FOR PROCESSING

1.  Fees to be paid will include the credit report and appraisal.

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