Loan Application Checklist

Preparation in advance will help the process go smoother. The following list encompasses the documents and items a loan officer will most likely need to have to process your home loan.

Income

Salaried Borrower(s)
W-2 forms for previous two (2) years
Most recent paycheck stub(s)

Commissioned/Bonus Borrower(s)
Complete copies of previous two (2) years personal tax returns
Most recent paycheck stub(s)

Self-employed Borrower(s)
Personal, partnership, S-Corp and/or Corporate tax returns for the previous two (2) years inclusive of all schedules and K-ls
Current, signed and dated, year-to-date financial statements, including balance sheet and profit and loss statement

Assets/Liabilities

Copy of past three (3) months statements on the following accounts:
Checking
Savings
Brokerage Accounts
Money Market
Retirement Accounts
Other

Name and address for all creditors, Include account numbers, monthly payments, and balance owed for the following outstanding obligations:
Mortgage Loans
Credit Cards
Personal Loans
Automobile Loans
Student Loans
Other

Miscellaneous

Residence address(es) for the past two (2) years
Complete mailing address for mortgage holder and/or landlord for previous two (2) years
Current lease for each rental property owned and previous two (2) years tax returns with all schedules
Copy of purchase contract on subject property and listing agreement or contract on existing home being sold
Copy of your cancelled earnest money checks
Copy of Divorce Decree, Separation Agreement and all addenda for all divorced parties. If divorce is not final, please provide a copy of the temporary orders
If refinancing, bring your previous Settlement Statement, Note, Homeowners Insurance Policy and Survey
A check to cover the cost of the credit report and appraisal

Additional documentation might be required, depending upon your specific situation. Keep in touch with the lender during the process to confirm they have everything they need. It’s not uncommon to get into a file only to determine more documentation is needed. Maintaining patience is important throughout this process.