| Items Needed Checklist |
- A completed and signed sales agreement for the 'Purchased property (Not required for a refinance or pre-approval).
- Receipt for all earnest money deposited with the real estate company or seller (Purchase only).
- W-2 forms and signed personal Federal Income Tax Returns for previous 2 years. (Personal Federal Income Tax Returns will be required for self-employed or commissioned applicants.) Statements of all bank accounts, including any investment plans, for the previous 2 months
- If you do not have a statement, bring your account numbers, addresses of all financial institutions and other pertinent records.
- A list of your real estate investments, including: property addresses, mortgagee addresses and loan numbers, estimated values, monthly mortgage payments and balances, and copies of any rental leases.
- Name and address of landlord, jf currently renting, or previous 12 months canceled checks for rental payments.
- List of all financial obligations, addresses, loan balances and monthly payments, including school loans, credit cards and home equity loans.
- If you are self-employed (proprietorship, partnership or sub-chapter S) a copy of profit and loss statements, business Federal Tax Returns and balance sheets for the last two years. Last two years Corporate Tax Returns If you own 25% or more of the corporation.
- A copy of your paystubs covering most recent 30 day period.
- If you wish to disclose income from child support or alimony payments for qualification or you are obligated to pay child support or alimony payments, please bring the appropriate verification inclUding divorce decree and separation agreement.
- If you are using a gift from a relative to pay a portion of the down payment or closing costs, a gift letter will be provided to you for completion at the time of application.
- Addresses for all employers and all residences for all borrowers within the previous two years.
- Copy of drivers Iicense(s) with ss# and/or copy of your social security cards(s)
- Copy of your bankruptcy discharge and list of creditors along with a brief explanation as to why the bankruptcy occurred.
- In general, anything which can be photocopied, and can be used to verify your income, assets, and obligations, is helpful and will significantly speed up the processing of your application.
|
|
