Home Loan Application - Checklist

Property Information
 The New Home Purchase Agreement will include the legal description of the property and the price.
 Personal Information
 Copies of Social Security card and driver’s license for each borrower (FHA only).
 Home addresses for the last two years (landlords names & phone numbers).
 Divorce decree and separation agreements, if applicable.
 Trust agreement(s), if applicable.

Income
 Most recent pay stubs (30 days).
 Supplemental income documentation (bonuses, commissions, retirement & Social Security)
 Names, addresses, and phone numbers of all employers for last two years.
 W-2's for last two years (include IRS form 1099's, if applicable).
 If you are self-employed or earn income from commissioned sales, copies of last two years of tax returns with all schedules and year-to-date profit and loss for current year, signed by an accountant.
 Documentation of alimony or child support, if this income is considered for the loan.

VA Loans Only
 Original LES (current month) explain all allotments.
 DD214 Member 4 discharge papers
 Certificate of Eligibility, if you already have one.
 Original Statement of Service, if needed.
 Copy of orders for Fort Hood (helpful)

Real Estate Owned
 List each property with complete street address.
 Names, addresses, phone numbers, and account numbers of all mortgage lenders for the last two years.
 Copies of leases and two years of tax returns for any rental property (you own at this time).
 Market value estimate.

Liquid Assets
 Names, addresses, phone numbers, and account numbers for all banks, credit union, 401K, and investment accounts.
 Copies of the last three months statements for all banks (2 months VA/FHA, 3 months Conventional.
 Copies of any notes receivable (if used to help qualify).
 Value of other assets such as auto, boat, household goods, and collectibles.
 Cash value of life insurance policies (if to be used for down payment).
 Vested interest in retirement funds or IRAs.
 Gift money, if used for down payment (must be certified on lenders form).

Liabilities
 Names and account numbers, balances, and current monthly payment amounts for all revolving charge cards.
 Names, addresses, phone numbers, and account numbers for all installment debt and approximate balances and monthly payments for such items as car loans, boats and furniture.
 Alimony or child support payments.
 Names, phone numbers, and account numbers of accounts recently paid off, if used to establish credit.