Loan Checklist
Use this checklist to make sure you have everything you need before you begin your loan application. Having all necessary documentation up front saves time so your loan can close smoothly and quickly.
- BANK STATEMENTS
Last two months from all accounts - RETIREMENT
Last two months of retirement/pension, 401k and social
security 1099 statements - PAY STUBS
Last 30 days - TAX RETURNS
Last two years of 1040 federal tax returns, last
two years of federal corporate and/or partnership tax
returns (if self-employed), last two years of W-2 forms - VALID ID COPY
Driver’s license, social security card, passport - EARNEST MONEY
Copy of earnest money check deposit - AWARD LETTERS (If applicable)
For retirement/pension income, social security, disability
income - DIVORCE (If applicable)
Decree and separation agreement - MORTGAGE STATEMENTS (If applicable)
Property tax bills and homeowners insurance statements
for all real estate owned - BANKRUPTCY (If applicable)
Petition and Discharge
DO'S AND DON'TS
- Don’t apply for new credit of any kind
- Do keep all existing credit card accounts open
- Don’t max out or overcharge existing credit
cards - Do keep your employment within the same
company of field of work - Don’t consolidate debt to one or two credit
cards - Do pay off collections, judgements or tax
liens reported within the past year - Do be prepared to pay off collections if
required by underwriting or the loan program
guidelines - Do provide any documentation for satisfied
judgements or paid tax liens - Do stay current on payments for all existing
monthly obligations - Do call me before making any financial
decisions or changes to your normal financial
routine. I’m there to help you through the
process
