|
Mortgage Application Checklist
The following items are needed at your loan interview and
will allow faster processing and approval on your application.
- Non-refundable commitment fee to be applied to the closing costs of the loan
- Signed purchase agreement for the home being purchased
- Realtor listing sheet on the home you are purchasing (or lot size, tax ID, tax amount, legal description)
- W-2’s (original employee copy) for the last 2 years
- Original paycheck stubs for the last 30 days (handwritten paystubs are not acceptable)
- Signed U.S. Tax Returns, including all schedules, for the last two years if you earn commissions, are self-employed, have significant interest or dividend income,or own rental property. If self-employed, please bring business tax returns for the last two years if the business is a partnership, corporation, or S-corporation. Also bring business balance sheets for the last two years, and a year-to-date profit and loss statement
- Name, address and phone number of landlord and original cancelled checks for the last 12 months rent payments, if you rent
- Names, addresses, account numbers, payment amounts and balances for all mortgage loans, installment loans, credit cards, and other debts
- Statements (originals) for the last three months for all savings, checking, certificates, mutual funds, brokerage accounts, 401(k) plans, employee savings plans and other investments
- Offer to purchase on the home you are selling, or listing agreement, if selling present home
- Your copy of filed divorce decree and property settlement, if you are divorced
- If receiving child support, maintenance, or alimony, and if using that income to qualify, bring copies of the last 12 months pay record from the Circuit Clerk’s office
|
