Loan Application Checklist

In general, the documentation you will need includes:

Property Information (if you already have a contract on a house)
Purchase Agreement.
Copy of legal description and MLS sheet.
If you are selling your current home, copy of listing contract.
If you have sold your current home, copy of settlement statement (HUD-1).

Income & Assets

Pay stubs for the last 60 days.
  For the past two (2) years:

Names and addresses of each employer.


1040 Federal Tax returns (all pages all schedules) for the last two (2) years.  Do not need State Returns.
Statements for each bank, mutual fund, and/or investment account for the last two (2) months.
  If you have made any large deposits to your accounts:

Explanation and source for deposit.

If large deposit was a gift:

Signed gift letter (lender can supply).

Copy of gift check.

Copy of deposit receipt.
  If you own more than 25% of a business:

Corporate or partnership tax returns (all pages, all schedules) for last two (2) years.
  If self-employed:

1040 Federal Tax returns (all pages all schedules) for the last two (2) years.

Year-to-Date Profit and Loss Statement.
  If you own rental property:

1040 Federal Tax returns (all pages all schedules) for the last two (2) years.
  If you are retired:

Pension Award Letter.
  If you receive Social Security:

Social Security Award Letter.
  If you are counting child support as income:

Copy of divorce settlement.

Copy of twelve months of cancelled child support checks.


Names, balances and minimum monthly payments on all current mortgages, lines of credit, installment loans, student loans, unsecured loans and revolving debts.
Explanation of credit report anomalies, including:

Late payments, credit inquiries in the last 90 days, charge-offs, collections, judgments and/or liens.

Bankruptcy filed within last seven years (a copy of your bankruptcy papers).

VA Loans

Copy of DD Form 214, Report of Separation.


Government Issued Photo ID.
Residence addresses for the past two years.
If applicable, a copy of your divorce decree.
If you are not a citizen, a copy of the front and back of your green card.

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