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.

 

 

Home Status Report

Want to know if a home is still on the market, or if the price has changed? We can help. Simply fill out the information below and with no obligation to you we'll get back to you with your requested information. We guarantee your privacy.
 
Your Information
*Name:
*Email:
Phone:

Property Information
Property 1:
Property 2:
Property 3:

Note: Fields with an * are required

  Jeanie Elliott, Inc. and  Jeanie Elliott REALTORS,  since 1980

Specializing In Lovejoy ISD, Plano ISD, Allen ISD, Wylie ISD,

Frisco ISD, McKinney ISD, Richardson ISD, Collin County,

Prosper ISD, Celina ISD, and Greater Dallas Metroplex.

"Celebrating our 30th Anniversary in 2010"

 Texas License  #0387563

 The "Right Choice" for: Lovejoy ISD, Allen Texas, Celina Texas, Fairview Texas, Frisco Texas, Lucas Texas, McKinney Texas, Melissa Texas,

 Murphy Texas, Parker Texas, Plano Texas, Prosper Texas, Richardson Texas, Seis Lagos Texas, Wylie Texas, Stonebridge Ranch, Stonebriar, Twin Creeks in Allen, & Collin County Texas Real Estate.

 jeanieelliott@earthlink.net

 

Information herein deemed reliable but not guaranteed.

 


JEANIE ELLIOTT REALTORS, Specialists In Lovejoy ISD, Fairview & Lucas Texas 2112 W. Spring Creek Pkwy. #100 Plano, TX 75023
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