Items Needed For A Credit Application

Employment Addresses for two full years
Gross monthly income
W-2’s, if available
Proof of pensions, retirement, disability or Social Security
Proof of income from rentals, investments, etc.
Proof of child support or alimony paid/received
Year-to-date pay stub
If self-employed

• Two years’ 1040 Tax Returns

• Current year profit and loss statements

Creditors
Each creditor’s name, address and type of account
Account numbers
Monthly payments approximate balances
Amount of child care expenses

Banking
Names and addresses of savings institutions
Account numbers for all accounts
Type of accounts and present balances

Miscellaneous
List of assets in stocks, bonds, land
Life insurance cash value (documented if used a cash down payment)
If applicant is selling a home, a copy of sales contracts
Social Security numbers for all parties
Veterans - Certificate of Eligibility and DD-214
Cash or check to pay for application fee

Realtors
Copy of sales agreement
Copy of listing on property
Instructions on how appraiser is to gain entrance

What to Bring to Loan Application

1. A signed copy of the contract of sale, along with all addenda.

2. Your W2’s for the last three years.

3. Most recent pay stubs.

4. List of bank account numbers and bank addresses, with approximate balances of each.

5. List of creditors: car loans, student loans, credit card accounts, child support, alimony, with addresses, account numbers and approximate balances.

6. Canceled checks for the past 1 2 months for each of your mortgages.

7. Social Security number for each borrower.

8. A check to pay for appraisal and credit reports.

9. A copy of sales contract for present home, if applicable.

10. A copy of diploma or transcript if you were a full-time student at any time during the last three years.

11. If you are applying for an FHA loan you will need: 1) your social security card, 2) a picture identification, and 3) copies of your last two bank statements or passbook.

12. If you are a VA buyer you will need: 1) your Certificate of Eligibility, 2) the name and address of your nearest living relative, and 3) if you are on active duty, bring completed DD 1 747 from your base Housing Officer.

13. If self employed, bring: 1) year-to-date profit and loss statement and balance sheet signed by an accountant, 2) signed business and personal tax returns for the last two years.

14. If you own any rental properties you will need: 1) current leases with terms of 1 year or more, and 2) the names and addresses of all mortgage companies and your account numbers.

15. If applicable, documents relating to any judgments against you (bring copies of release); bankruptcy - provide copies of petition for bankruptcy, schedule (list of creditors) and discharge of bankruptcy and any other delinquent credit records.