Items Needed for a Loan Application
Conventional or FHA Loan
- Fully executed sales contract with all addenda. A copy of the multiple listing
agreement and the house location survey, if possible.
- Current month's paystubs (2 most recent if paid biweekly or twice per month) and all
W-2's for the past two years.
- Copies of bank statements covering three most recent months of activity on all checking
and savings accounts, mutual funds, IRA's, 401K plan, CDs etc...
- If using stocks or savings bonds as source of down payment, provide most recent
statement or a copy of the security.
- If relying on non-employment income (e.g., retirement, interest, rent, etc.), two years
complete Federal tax returns.
- If commissioned, two years complete Federal tax returns.
- If self-employed, two years complete Federal tax returns, year-to-date profit / loss
statement and a current balance sheet.
- Copy of car title if the car is less than five years old and owned free and clear.
- Certificate of Eligibility (VA loans only).
- Driver's license and social security (FHA loans only).
- If selling your present home, provide copy of listing agreement and sales contract (if
available). If you have already sold your home, we need a copy of the HUD-1 Settlement
Statement.
- Condo documents if property is a condo.
- If divorced or separated, a copy of separation agreement and divorce decree.
- If you own rental property, copies of leases.
- If renting, name, address, phone number of landlord.
- Check to pay for appraisal and credit report (fees vary depending upon loan type and
number of borrowers -- you can call ahead for the figures).
