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 and 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.


  • 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.


  • 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.