Loan Application Checklist

In general, the documentation you will need includes:
Check for application fee
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 30 days.
  For the past two years:
 

Names and addresses of each employer.

W-2s
Statements for each bank, mutual fund, and/or investment account for the last three months.
Estimated value of personal property and furniture.
  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.
  If self-employed:
 

Tax returns for the last three years (with schedules).

 Year-to-Date Profit and Loss Statement prepared by an accountant.
  If you own rental property:
 

Tax returns for the last two years and current rental agreements.
  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.

Debts

Names, addresses, account numbers, balances and monthly payments on all current loans.
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 (bring a copy of your bankruptcy papers).

VA Loans

Copy of DD Form 214, Report of Separation.

Miscellaneous

Photo ID and proof of Social Security number.
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.

 

 

DRE # 00399432


Peninsula Properties 27520 Hawthorne Blvd. Rolling Hills Estates, California 90274
Toll Free Phone: Cell:

CurbAppealChecklist | Insurance Costs | GettingtheHighestPrice | HowMuchHomeWorth | FindAHome! | CREDIT / FICO | Escrows | CALIFORNIA LAW | City of Palos Verdes Estates | City of Rancho Palos Verdes | City of Rolling Hills Estates | City of Rolling Hills | History of Palos Verdes | History of South Bay | PV Land Conservancy | PV Peninsula News | PV Private Schools | PVE Art Jury/Homes Assn | PVE History | PVE Services | PVP School District | RHE Services | RPV History | RPV Services | USA Today | Wall Street Journal | Westfield Academy Hill | UTILITY PHONE NUMBERS | Trump National Golf Club | Rolling Hills Country Club | Palos Verdes Golf Club | Los Verdes Golf Course | ABOUT US | CONTACT US BY EMAIL | CONTACT US NOW | COMMUNITY & SCHOOLS | AFFILIATES | ZILLOW.COM ZESTIMATES | NEW VantageScore | APARTMENT BUILDINGS | NATIONAL E-PRO AGENTS | PV HOMES in Foreclosure | WHY USE AN E-PRO | NATIONAL HOME SEARCH | REAL ESTATE ARTICLES | NEWSPAPERS | Daily Breeze | Weekly Standard | ACCOLADES | PV AREA SLIDESHOW | GET LISTING BOOK | Investors Business Daily | Closing Costs | Distress Sales | LoanRates | Inspection Report | Home Buyer Checklist | BUY A HOME | Tell a Friend | PV AREA POPULATION | Bankrate.com Mtg News | REAL ESTATE GLOSSARY | OUR FEATURED HOMES | SELL A HOME | HOME PAGE | LoanAppCheck | LoanApplicationChecklist | Bi-WeeklyMtg | Mortgage Saving Tips | HouseFinancingAgencies | ApplicationChecklist | Pt. Vicente Lighthouse | Loan Programs | Mortgage Shopping | TitleCo's | LIVING TRUSTS | Lenders | Staging The Home | 9steps | MORTGAGE CALCULATORS | A holiday sale? | Holiday Saving | Holiday Theft | Reasons Homes Don't Sell | Beaccessible! | Lease Analysis | Buying Foreclosures/REO's | Contract Contingencies | Need a Bridge Loan? | Homeowner Warranties | Real vs. Personal Property | The Kitchen | Role of the MLS | Gated Communities | FlowersAddCurbAppeal! | Ethics in Real Estate | Improvements That Pay | Home Appreciation | Fixer Uppers | PV HOMES BLOG | SHORT SALE BUYER | SHORT SALE SELLER

Copyright © 2012 Peninsula Properties
Portions Copyright © 2012 a la mode, inc.
Another XSite by a la mode, inc. | Admin Login| Terms of Use| Site Map
All rate, payment, and area information are estimates and approximations only.