Loan Application Checklist

In general, the documentation you will need includes:
Check for application fee
Property Information (if you already have a contract on a house)
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.
  For the past two years:
 

Names and addresses of each employer.

W-2s
Statements for each bank, mutual fund, and/or investment account for the last three months.
Estimated value of personal property and furniture.
  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 three 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.

Debts
Names, addresses, account numbers, balances and monthly payments on all current loans.
Explanation of credit report anomalies, including:
 

Late payments, credit inquiries in the last 90 days, charge-offs, collections, judgments and/or liens.

Bankruptcy filed within last seven years (bring a copy of your bankruptcy papers).

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

 

 

Mickey Hambright specializes in North and SC farms, land and homes - servicing the real estate needs of home buyers and home sellers in search of real estate, homes for sale, condos, investment properties, horse farms, equestrian properties, stable properties, commercial real estate, new construction, new homes, land, lots, mountain view properties, farms and recreational property in these nearby communities and more!

Area Appeal | Asheville | Blue Ridge Mountain Country | Columbus | Horse Country | Landrum | Polk County | Saluda | Tryon

Mickey Hambright

400 E. Rutherford Street  Suite 100
Landrum,  SC  29356

Toll Free:  800-442-4749 Extension 121
Direct Line:  828-817-1796

Email:  gmhambright@gmail.com
Web Site: www.hambrightproperties.com

 

Licensed in North Carolina and South Carolina

   

Area Appeal | Tryon North Carolina | Saluda North Carolina | Polk County North Carolina | Landrum South Carolina | Horse Country | Columbus North Carolina | Blue Ridge Mountains | Asheville North Carolina | Community Info | Home | Site Map

Copyright © 2012 Mickey Hambright
Portions Copyright © 2012 a la mode, inc.
Another XSite by a la mode, inc. | Admin Login| Terms of Use| Site Map
All rate, payment, and area information are estimates and approximations only.