Loan Applications: What You Need

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Home Loan Applications - What You Need

> 3 months’ bank statements on all accounts, including 401k

> Copy of HUD1 Settlement Statement on recent sales of homes

> Gift letter (for funds from family members); donor’s bank statement; copy of gift check; copy of deposit receipt

> Landlord’s name, address, and phone number

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

> Copy of bankruptcy papers filed within the last seven years

> Copy of Social Security Card and driver’s license

> Last two years’ W2 forms

> Most recent pay stubs covering a 30 day period

> Federal tax returns (1040’s) for the last two years, if: you are self-employed; earn regular income from capital gains; earn sizable interest income; earn more than 25% of your income from commissions or bonuses; own rental property; or you take non-reimbursed business expenses.

> Year-to-Date Profit and Loss Statement (for self employed)

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

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

> Receipt for child support payments

> Copy of Divorce Settlement