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
  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 self-employed:
 

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

 

  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.

 

 

 

 


 


Miscellaneous

Photo ID and Social Security Card
Names and numbers of your direct supervisor
Name and contatct number for your insurance agent

 

 

Tony Markland 1410 Morewood Dr Powhatan, Virginia 23139
Phone: Fax:

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