Loan Applications: What You Need


Loan Applications: What You Need

1.) 3 months’ bank statements l

2.) Copy of HUD1 Settlement Statement on recent home sale 

3.) Gift letter; donor’s bank statement; copy of gift check; copy of deposit receipt

4.) Explanations for late payments; credit inquiries in the last 90 days; charge-offs; collections; judgments; liens

5.) bankruptcy papers within 7 years

6.) Copy of Social Security Card and driver’s license

7.) Last 2 years’ W2 forms

8.) Pay stubs

9.) Last 2 years’ 1040’s if self-employed; capital gains; interest income; 25% of your income is commissions/bonuses; own rental property

10.) Y-T-D P&L Statement if self employed

11.) Corporate or Partnership tax returns (if you own more than 25% of a business)

12.) Copy of purchase agreement (if you have already made an offer)

13.) Receipt for child support paymentsc

14.) Copy of Divorce Settlement