Information Mortgage Lenders Use in Considering Your Loan Application.

• Social Security Number, for borrower and co-borrower if any
• Employment History
• For the last two years, employment dates, addresses, salary.
• Current pay stubs or W-2 forms.
• Check and Savings Accounts and Certificates of Deposit
• Location of bank accounts, account numbers and balances
• Address of bank if out of town
• Stocks, Bonds, and Investment Accounts
• Broker's name and address, description of stocks, bonds, etc.
• Last 3 months' statements or copies of stock certificates
• Life Insurance Policies
• Insurance company, policy number, face amount, cash value, if any
• Retirement Plan
• Approximate vested interest value
• Copy of latest statement
• Automobiles
• Make and model of automobiles, their resale value
• Other Assets
• Market value of personal and household property
• Liabilities and Other Non-Mortgage Debt
• Creditors names, addresses, account numbers
• Monthly payments and balances
• Other income information you may need
• If you're self-employed
• Two years tax returns, profit and loss statements, both company and personal if separate.
• Current balance sheet and profit and loss statement if more than two months into the new fiscal year, signed by CPA.
• If you have income from:
• Commission, Overtime, Bonus, Partnership, Rental Property, Trust, Notes Receivable, Interest/Dividends
• You'll need two years' personal federal tax returns
• If employed in family business
• Personal federal income tax returns and all schedules for the past two years
• If divorced or separated
• Complete executed divorce decree and settlement agreement
• Payment history of alimony/child support over the past 12 months, if it is a financial obligation.
• If you choose to have this be considered as part of your income (you don't have to), be prepared to provide 12 months canceled checks or bank statements reflecting income deposits.
• If you own real estate
• Name and address of all mortgage lenders for the past 24 months, account numbers, monthly payments and balances
• If you've sold your home but not closed:
• A copy of the sales contract
• If you've sold your home, closed, and you will use the proceeds for your new down payment:
• A copy of the HUD-1 Uniform Settlement Statement
• If you rent
• Name, address and phone number of landlords for the past 24 months
• If you're buying a home
• Purchase sales contract or offer to purchase and all addend
• Furnish contract with original signatures of buyer and seller
• If a source of your down payment is a gift:
• Name, address and relationship of donor.
• Gift funds will be verified in both the donor and recipient's accounts.
• Note: Not all loan programs allow gifts to be part of your down payment.
• For FHA Financing
• Evidence of Social Security Number and photo identification
• For VA Financing
• DD214 and Certificate of Eligibility
• For Construction/Perm Loan
• Signed construction with cost breakdown, builder plan and specifications