Loan Application Checklist

In general, the documentation you will need includes:
Property Information (if you already have a contract on a house)
Purchase Agreement.
If you have sold your current home, copy of settlement statement

Income & Assets

Pay stubs for the last 30 days.
  For the past two years:

Statements for each bank, mutual fund, and/or investment account for the last three months.
  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:

Tax returns for the last two years.
  If self-employed:

Personal and Business Tax returns for the last two years (with schedules).

Year-to-Date Profit and Loss Statement.
  If you own rental property:

Tax returns for the last two years, current rental agreements, and mortgage statements.
  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 separation agreement, parenting plan, and divorce decree.

Copy of twelve months of cancelled child support checks or bank statements showing receipt.


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 (copy of your bankruptcy papers).

VA Loans

Copy of DD Form 214, Report of Separation.


Photo ID/Driver's License
If you are not a citizen, a copy of the front and back of your green card.