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.

 

 

Search Bay Area Real Estate Group - Pacific Union Real Estate

Our Bay Area network of leading, top producing Realtors are here to help.
Questions? Call our team @ 415-345-3112 

 


Search Bay Area Real Estate Group One Letterman Drive Building C - Suite 300 San Francisco, CA 94129-1492
Phone: Cell: Fax:

Why Get An Inspection? | Title Information | Results for You | Our Dedicated Team | Staff Profiles | Contact Us | Setting the Sales Price | Home Valuation | How Escrow Works | School Information | SF Real Estate Report | SF Visitor Guides | Transportation | Building Inspection | School District | Green Environment | Port of SF | SF Fun Facts | SF General Plan | SF Planning Dept. | SF Every Block | Title & Escrow | SF Architects | Buyers Library | Sellers Library | Relocation Services | 10 Investment Tips | Insurance | Selling Your Home | Pre Listing | Buyers Kit | Seller Mistakes | Showing Basics | Curb Appeal | Your Net Profit | Elements of Contract | Sellers Workshop | Bay Area Weather | SF Housing Plan | Parking Cards | Parking Garages | Muni Maps | Property Tax Overview | Online Marketing | Sound Home | Local Newspapers | Bay Area Transit | Seismic Maps | Bay Area Traffic Map | SF Crime Map | Private Schools | School Districts | Closing Costs | First Time Buyers | Get Pre-qualified | Inspection Tips | Home Buyer Checklist | Looking to Buy? | Real Estate Glossary | Looking to Sell? | Home | Mortgage Saving Tips | Your Buying Power | Writing the Offer | Mortgage Shopping | 9 Steps to Owning | Site Map | Industry Info | 9 Steps to Ownership | Buying Foreclosures/REO's | Ethics in Real Estate | Selling One, Buying Another | Home Price Index | Foreclosure Listings

Copyright © 2008 Search Bay Area Real Estate Group
Portions Copyright © 2008 a la mode, inc.
Another XSite by a la mode, inc. | Terms of Use| Site Map
All rate, payment, and area information are estimates and approximations only.