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