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checklist

DEAR APPLICANTS

House Information:

  • Copy of Driver’s License(s)
  • Mortgage Statement 1st and 2nd (if applicable)
  • Homeowners Insurance Declaration Page or Insurance Agents Name & #
  • Home Owners Association (HOA) Monthly Statement (for Condo or Townhouse)

 Assets:

  • Checking, Savings, Mutual Fund, Investment Account etc. in your name for the last 2 mo. MUST BE MONTHLY, QUARTERLY, or ANNUAL STATEMENTS (Hint: If Statement says Page 1 of 3, The Bank will require all 3 Pages)

For W-2 Wage Earners: (if you are employed)

  • Paystubs for the last 30 days
  • W-2’s for last 2 years
  • Federal Tax Returns Form 1040 (with all schedules) for last 2 years

For 1099 Self-Employed & Commissioned:

  • Federal Tax Returns Form 1040 (with all schedules) for last 2 years
  • If you own more than 25% of a Corporate and/or Partnership Federal Tax Returns (with all Schedules) for last 2 years

For “Other Income”:

  • Disability Award Letter
  • Social Security Award Letter (EVERY YEAR A NEW LETTER IS GIVEN)
  • Retirement Benefits Award Letter

For Divorced Applicants:

  • Divorce decree and any related information,
  • Which pertains to alimony, child support or separate maintenance.

Veteran Loans

  • VA certificate (DD214 Discharge Letter)
  • Certificate of Eligibility
  • VA Disability Letter (if applicable)

Personal Information:

  • Copy of Driver’s License(s)

 Assets:

  • Checking, Savings, Mutual Fund, Investment Account etc. in your name for the last 2 mo. MUST BE MONTHLY, QUARTERLY, or ANNUAL STATEMENTS (Hint: If Statement says Page 1 of 3, The Bank will require all 3 Pages)

 For W-2 Wage Earners: (if you are employed)

  • Paystubs for the last 30 days
  • W-2’s for last 2 years
  • Federal Tax Returns Form 1040 (with all schedules) for last 2 years

For 1099 Self-Employed & Commissioned:

  • Federal Tax Returns Form 1040 (with all schedules) for last 2 years
  • If you own more than 25% of a Corporate and/or Partnership Federal Tax Returns (with all Schedules) for last 2 years

For “Other Income”:

  • Disability Award Letter
  • Social Security Award Letter (EVERY YEAR A NEW LETTER IS GIVEN)
  • Retirement Benefits Award Letter

For Divorced Applicants:

  • Divorce decree and any related information,
  • Which pertains to alimony, child support or separate maintenance.

Veteran Loans

  • VA certificate (DD214 Discharge Letter)
  • Certificate of Eligibility
  • VA Disability Letter (if applicable)

What is a cross qualification?

Obtain from your Lender:

  • Fully Executed Residential Purchase Agreement “The Offer”
  • 1003 Application (Uniform Residential Loan Application)
  • DU/DO/LP Approval
  • Credit Report

Personal Information:

  • Copy of Driver’s License(s)

Assets:

  • Checking, Savings, Mutual Fund, Investment Account etc. in your name for the last 2 mo. MUST BE MONTHLY, QUARTERLY, or ANNUAL STATEMENTS (Hint: If Statement says Page 1 of 3, The Bank will require all 3 Pages)

For W-2 Wage Earners: (if you are employed)

  • Paystubs for the last 30 days
  • W-2’s for last 2 years
  • Federal Tax Returns Form 1040 (with all schedules) for last 2 years

For 1099 Self-Employed & Commissioned:

  • Federal Tax Returns Form 1040 (with all schedules) for last 2 years
  • If you own more than 25% of a Corporate and/or Partnership Federal Tax Returns (with all Schedules) for last 2 years

For “Other Income”:

  • Disability Award Letter
  • Social Security Award Letter (EVERY YEAR A NEW LETTER IS GIVEN)
  • Retirement Benefits Award Letter

For Divorced Applicants:

  • Divorce decree and any related information,
  • Which pertains to alimony, child support or separate maintenance.

Veteran Loans

  • VA certificate (DD214 Discharge Letter)
  • Certificate of Eligibility
  • VA Disability Letter (if applicable)

 

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