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Loan Application Checklist

? Verification of Income

? Earnings Statements: W-2 forms, recent pay stubs and tax returns for past 2 years

? If you are Self Employed: P&L statements and tax returns for current and previous 2 years

? Additional Income: social security, overtime bonus, commission, interest income, veteran’s benefits and so on.

? Verification of Assets: List of Bank account numbers, the address of your bank branch, checking & savings account statements for the previous 2-3 months

? List of savings bonds, stocks or investments and their approximate market values

? Copies of titles to any motor vehicles that are paid in full.

? Info about purchase:

    • Copy of P&S agreement
    • Copy of earnest money check
    • Debt & addresses
    • Evidence of mortgage & rental payments.
    • Copies of alimony or child support.
    • Lenders will want to know where your down payment originated from. If money for the down payment is a gift you’ll need a copy of the gift letter and a copy of the gift check or bank statement showing the gift money was deposited. The lender must show it’s a gift & doesn’t have to be repaid. Lenders have different requirements. Check with them before making application.