Below is a List of Documents that are Needed During the
Application of a Loan
_ X __ Original Executed Sales Contract (Legible) ( when available )
X W-2's for the past 2 years AND pay stubs for the most recent 30 day period AND last 2 yrs tax returns
X Have you opened any new credit accounts in the last 90 days? If so, please provide documentation of new accounts opened.
X Copy of bank statements for the most recent 2 months (All Pages) Please note that online generated printouts must have your name and Account # and the URL at the bottom of the page for us to use.
Copy of other asset statements listed on 1003 (all pages) IE (certificates, stocks, bonds, 401k, IRAs)
Fully executed Gift Letter and transfer of gift funds ( I'll send Gift Letter later if gift funds are being used)
X Copy of borrower(s) driver's license and/or state issued picture identification & Social Security Card.
X Letter of explanation for any gaps in employment over 6 months for the last 2 years ( if applicable)
X Need a copy of the cancelled earnest money check once it clears or proof where funds were withdrawn from bank account
X Need copy of Divorce Decree and / or Child Support Order ( if applicable)
X Please provide contact information for the Insurance company you plan on using - let me know if you need a good referral
Below is a list of information we will need to gather about both borrowers at the beginning of the application/prequalification process:
Borrower (s) Information:
Social Security Number
Employment and Income
Initial Discovery Questions about Potential New Home Loan
What type of monthly housing payment will you be comfortable paying each month
How much funds do you have available to come out of pocket with to invest in your new home purchase ( for down payment, closing costs, home inspection, appraisal, etc)
How long do you plan on being in this home?