Here are the Specific Items Needed for a Loan Application:
Personal:
•Physical addresses for two full years
•Social Security numbers for all parties
Employment:
•Gross monthly income
•W-2s, if available
•Proof of pensions, retirement, disability, or Social Services (latest statements)
•Proof of income from rentals, investments, etc. (latest statements)
•Proof of child support or alimony paid/received (latest statements)
•Year to date pay stub
If self-employed:
•Two years 1040 Tax Returns
•Current year profit and loss statement
Creditors:
•Each creditor’s name, addresses, and type of account
•Account numbers
•Monthly payments and approximate balances
•Amount of child care expenses
Banking:
•Names and addresses of saving institutions
•Account numbers for all accounts
•Type of accounts and present balances
Miscellaneous:
•List of assets in stocks, bond, and land
•Life insurance cash value (documented if used as cash down payment)
•If applicant is selling a home, a copy of the sales contract
•If VA, Veterans Certificate of Eligibility & DD-214
•Cash or check to pay for application fee
•Be prepared to pay for credit report, appraisal and flood certification fees.
Realtor will provide:
•Copy of sales agreement
•Copy of listing on property