The following is a list of items and information your lender will probably need in order to process your loan in a timely fashion.
Residence History:
- Complete addresses for all residences for the past 2 years
- Length of time at each residence
- If Renting – Landlord name, complete address and phone number
Credit Explanations:
- Bankruptcy Papers (If applicable)
- Divorce Papers including child support order (If applicable)
- For VA Loans – Certificate of Eligibility and DD214
- Letter of Explanation for any derogatory credit
Employment History:
- Employer(s) name(s) and complete address for the past 2 years
- Dates of Employment for each job
- Paystubs covering the most recent thirty (30) day period
- W-2 Forms for the most recent two (2) years
- ALL Pages of Most Recent two (2) years Federal Tax WITH Schedules if commission income exceeds 25% of gross income of Self-Employed
- Explanation for any gaps in employment
- Documentation to verify any additional income such as child support or pension (ex: Award Letter, Monthly Statement evidencing payment amount and balance, etc.)
Assets:
- Name and addresses for all financial institutions
- Account numbers for all financial accounts
- ALL Pages of Most Recent Bank and/or Brokerage Account Statements covering the most recent 90 day period
- Explanation for any NSF’s
Liabilities:
- Name and addresses for all creditors
- Account numbers for all liabilities
- Current balances owed
- Monthly payments and number of payments remaining
Real Estate
- Complete property addresses for all real estate owned
- Market Values for all properties
- Outstanding loan balances
- Copies of property tax and homeowner’s insurance statements
- Amount of Homeowner Association Fees for all properties
Personal Property
- Year, Make and Value for all automobiles owned
- Value of your furniture and other personal property
