Lexwin Realty LLC

Greater Boston Real Estate Company   (781) 367-8522   info@lex-win.com


Specific items needed for a loan application

Here are the Specific Items Needed for a Loan Application:

•Physical addresses for two full years
•Social Security numbers for all parties

•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

•Each creditor’s name, addresses, and type of account
•Account numbers
•Monthly payments and approximate balances
•Amount of child care expenses

•Names and addresses of saving institutions
•Account numbers for all accounts
•Type of accounts and present balances

•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