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Printable Mortgage Loan Application
Checklist
Documents
Needed to Complete Loan Application:
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Copy of
Purchase Agreement and all Addendums -Signed by the buyer
and seller. |
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Property
Information Listing Sheet or Multiple Listing Service Sheet
if available. |
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Legal
Description of Property Being Mortgaged. |
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Application
Fee. |
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Tax Returns
- Previous two (2) years personal federal income tax returns with
all schedules and W-2 Forms. |
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Pay Stubs
- Two most recent pay stubs providing year to date income. |
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Two most
recentmonthly account statements -(Depository, stock and/or
security). |
Information
Generally Required to Complete Loan Application:
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Employment
History - Name and address of employer(s) for the last two
(2) years, dates of employment and income. Explanation of recent
gaps in employment, if applicable. |
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Social
Security Number(s) - For both borrower and co-borrower(s).
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Checking
and Savings Accounts - Depository institution names and addresses,
account numbers and balances. Depositories include banks, credit
unions and savings and loans. Passbooks and bank statements from
the previous three months would be very helpful. |
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Other
Assets - Estimate of the market value of other assets; i.e.
furniture or personal property. |
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Credit
Information - For each open account, including credit cards
with a zero balance, provide:
- Creditor
Name
- Address
- Account
Number
- Payment
Amount
- Approximate
Current Balance
(Please bring most recent billing statement or payment book which
will provide this information) |
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Additional
Information That May Be Required:
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Self-Employed
Borrower - Previous two years' and current year-to-date Profit
and Loss Statement and Balance Sheet. |
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Divorced
or Separated - Copy of divorce decree along with a letter
from the Friend of the Court providing payment his[ory of alimony/child
support payments, if such payments are required or received. |
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Renters
- Landlord's name and address and previous 12-month rental payment
history. Rent receipts or cancelled checks are acceptable. |
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Real
Estate Owned - Name and address of your mortgage lender,
account number and most recent year-end statement. In addition,
if the real estate owned is:
- Currently
Rented - a copy of the current lease or rental agreement for
each unit.
- Listed
for Sale - a copy of the list-ing agreement.
- Sold
But Not Closed - a copy of the sales contract
- Sold,
Closed and the Proceeds From the Sale Will be Used for the
Down Payment - a copy of the HUD 1 Uniform Settlement Statement.
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Gift Letters-
If your source of down payment is a gift, a signed letter is needed
from the donor to verify that you are not required to repay the
funds. The funds necessary for the gift must be verified as readily
accessible to the donor. |
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Construction/Permanent
Loan -Signed Construction contract with cost breakdown, blueprints
and CF Specification Sheet. |
