Be Prepared for Your Loan Application - What to Bring

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Employment

• Addresses for two full years
• Gross monthly income
• W-2s, if available
• Proof of pensions, retirement, disability or Social Security, proof of income from rentals, investments, etc. Proof of child support or alimony paid/received year to date, pay stubs.

If self-employed

• Two years 1040 Tax Returns and all Schedules
• Current year profit and loss statement

Creditors

• Each creditor's name, address and type of account, account numbers, monthly payments and approximate balances, and amount of child care expenses.

Banking

• Names and addresses of saving institutions, account numbers for all accounts, type of accounts and present balances.

Miscellaneous

• List of assets in stocks, bonds, land
• Life insurance cash value (documented if for down payment). If applicant is selling a home, a copy of the sales contracts and Social Security numbers for all parties should be provided.
• Veterans - Certificate of Eligibility and DD-214
• Cash or check to pay for application fee

Your Realtor should provide

• Copy of sales contract
• Copy of MLS listing sheet on property
• Instructions on how appraiser is to gain entrance