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.

 

 

Copyright © 2008 Los Prados Realty All information provided is deemed reliable but is not guaranteed and should be independently verified. Properties subject to prior sale or rental. All materials posted on this site are subject to copyrights owned by Los Prados Realty and other individuals and entities. Any reproduction, retransmission or republication of all or part of any document found on this site is expressly prohibited, unless Los Prados Realty or the copyright owner of the material has granted its prior written consent to so reproduce, retransmit or republish the material. All other rights reserved. The names, trademarks, service marks and logos of Los Prados Realty appearing on this site may not be used in any advertising or publicity, or otherwise to indicate Los Prados Realty sponsorship of or affiliation with any product or service, without Los Prados Realty prior express written permission.


Los Prados Realty 5550 Painted Mirage Road Suite 320 Las Vegas, Nevada 89149
Phone: Cell:

Copyright © 2008 Los Prados Realty
Portions Copyright © 2008 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.