Mortgage - ApplicationChecklist EMPLOYMENT HISTORY / INCOME SOURCES
- Name, address and phone numbers of all employers for past two years
- Past two years W-2’s
- Most recent pay stub from employer
- Provide account number, monthly payments, and approximate balance for all debts
- Auto Loans
- Credit Cards
- Signature Loans
- Landlord (need address)
- Mortgage Loans (need address)
SELF EMPLOYED BORROWERS & COMMISSIONED INCOME
Past two years tax returns with all schedules (Individual, Partnership and Corporate)
Current Balance Sheet and Year To Date Income Statements for the business owned. SOURCES OF FUNDS FOR CLOSING
Name, address and account numbers for all checking, savings and investment accounts
Most recent bank statements on all accounts
Closing statement on sale of a prior home
If using gift funds, we can help prepare gift letter and verify funds DEBTS / OBLIGATIONS
- Provide account number, monthly payments, and approximate balance for all debts:
- Auto Loans
- Credit Cards
- Signature Loans
- Landlord (need address)
- Mortgage Loans (need address)
MISCELLANEOUS INFORMATION & DOCUMENTS
Initial deposit for credit report and appraisal
Copy of Earnest Money Agreement / Contract
Child care letter / explanation
Bankruptcy papers and discharge, if applicable
Photo I.D. and Social Security cards (FHA only)
Note: These are typical elements some lenders require, however some lenders may require additional information and others may require less. There are loan programs to meet virtually every buyer’s needs. Please call for a list of qualified lenders who will be more than happy to provide free mortgage advice and pre-qualification.
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