BUYERS GUIDE
02
Mortgage Loan Checklist
Mortgage Loan Checklist
Contracts
- Copy of Sales Contract (on the purchase of your new home)
- Copy of Sales Contract and certified copy of Closing Statement (on the sale of your present home)
Residence History
- Past 24 months of residence with complete address and dates
- If currently renting, landlord’s name and contact information
Employment History
- Employers for the past two years with complete address and dates
- W2 forms (most recent two years)
- Tax returns with all schedules (most recent two years)
- If self-employed, YTD profit and loss statement and current balance sheet
- If you have gaps in employment, be prepared to explain
Accounts
- Copies of most recent statements (3 months) for all loans and credit cards with balances
- Copies of most recent bank statements (3 months) for all accounts, stock brokerages, mutual funds, IRAs, pensions, etc.
Current Real Estate
- Property addresses with estimated market values
- Outstanding loan balances (bring copy of recent loan statement)
- Amount of monthly payment
- Amount of monthly rental income (copy of rental agreements)
Personal Property
- Net cash value of your insurance
- Year, make and value of all vehicles
- Value of your furniture and personal property
- Value of any additional property used to procure loan
If Applicable
- Copy of divorce papers
- Certificate of eligibility DD214 (VA Only)
- Copy of trust certificate
- Copy of driver’s license
- Copy of Social Security (FHA Only)
