Loan Application Checklist

In general, the documentation you will need includes:
Property Info (if you already have a contract on a house for a Purchase)
Purchase Agreement.
Copy of legal description and MLS sheet.
If you are selling your current home, copy of listing contract.
If you have sold your current home, copy of settlement statement (HUD-1).

Income & Assets

Pay stubs for the last 30 days.

 W-2's for the past year.
Statements for each bank, mutual fund, and/or investment account for the last two months.
  If you have made any large deposits to your accounts:
 

Explanation and source for deposit.

 If large deposit was a gift:
 

Signed gift letter (lender can supply).

 Copy of gift check.

 Copy of deposit receipt.
  If you own more than 25% of a business:
 

Corporate or partnership tax returns.
  If self-employed:
 

Tax returns for the last two years (with schedules).

 Year-to-Date Profit and Loss Statement prepared by an accountant.
  If you own rental property:
 

Tax returns for the last two years and current rental agreements.
  If you are retired:
 

Pension Award Letter.
  If you receive Social Security:
 

Social Security Award Letter.
  If you are counting child support as income:
 

Copy of divorce settlement.

 Copy of twelve months of cancelled child support checks.

VA Loans

Copy of DD Form 214, Report of Separation.

Miscellaneous

Photo ID and proof of Social Security number.
Residence addresses for the past two years.
If applicable, a copy of your divorce decree.

Employment history for past two years.

If you are not a citizen, a copy of the front and back of your green card.

 

 

Commonwealth Mortgage & Inv., Inc. 3740 West Hundred Road Chester, VA 23831
Phone: Fax:

About us | Contact Us | Closing costs - loans | Your FICO score | Closing Costs | Download Adobe Acrobat | Tell a Friend | Home | Loan App Checklist | Mortgage Saving Tips | Site Map | Loan Application | The Loan Process | Get Your Loan Faster! | Fixed Vs. Adjustable | Improve Your Credit Score | Should you buy points? | Getting Qualified | When to Refinance | Loan Application Info | What is a credit score? | Rate Lock Periods | Rates and A.P.R. | Refinancing Options | 15 vs 30 Year Mtg Calc | Rent vs Buy Calc | Mortgage Calculators | Customer Login | Our Service Area | Eliminating PMI | Bankruptcy | VA Loans | Home Equity Lines of Credit | Home Equity Loans | 100% Financing

Copyright © 2010 Commonwealth Mortgage & Inv., Inc.
Portions Copyright © 2010 a la mode, inc.
Another XSite by a la mode, inc. | Admin Login| Terms of Use| Site Map