Loan Checklist

Reviewing this list with us will save you time. Copies of the following items need to be submitted with your loan application:

• Current mortgage statement.



• Proof of fire insurance (the declaration page of your homeowners policy usually has this).



• Copies of your most recent three months bank statements, or quarterly statements on all asset accounts.



• Pay stubs for the last 30 days for all borrowers.



• Copies of your most recent two years W2 forms.



• Copies of your most recent Federal Tax Returns, with ALL schedules.



• If self-employed, provide a Year-to-Date Profit and Loss Statement and most recent two years Federal Tax Returns on business entity, i.e. corporation, partnership, as well as K-1.



• Documentation of child support/alimony received if you are going to use it as a source of income. Copies of checks for the last 12 months will be required.



• Complete copy of dissolution of marriage papers, if applicable.



• Name, address, and phone number of landlords for the last 12 months.



• Copy of rental agreement(s ) on any rental property you own if the income is used to qualify for loan.



• Completed "Gift Letter," donor's ability, and deposit receipt of gift (if receiving a gift).



• If selling your current home, provide escrow instructions or estimated closing statement.



• If applicable, complete copies of bankruptcy papers (including discharge and list of debtors).



• If refinancing your condo, provide name and phone number of the management company and the homeowners association.



• If required, letters of explanation regarding:

- derogatory credit.
- work history, i.e. gap in employment.
- increase in housing expense.
- large deposits.