COURSE INDEXPreliminary Questions
Home Buying Start & Registration
Budgeting To Buy a Home
Find Your First House
Inspect Before You Buy
Shop For a Mortgage Loan
Home Mortgage Loan Process
Credit Score and Credit Report
Home Mortgage Loan Closing
Being a Home Owner
Mortgage Quote Request
Get Started Below!
Below is a checklist of the most frequently requested information by lenders from the borrower. Use the Checksheet to gather information and documents prior to completing the loan application.
____ 1. Purchase Contract and Escrow Instructions – signed by all parties, original or a copy certified true and correct.
____ 2. Names, company and telephone number for listing and selling real estate agent’s.
____ 3. Name, address and telephone numbers for Title Company and Escrow Office.
____ 4. Copy of check for earnest money deposit.
____ 5. Copy of listing, including real estate taxes and lot dimensions.
____ 6. Legal description of property being purchased.
____ 7. Property hazard insurance agents name, company, and telephone number.
____ 8. Name and telephone number of persons for appraiser to contract to access the property.
____ 1. Names, addresses, telephone numbers, and exact dates of employment with ALL employers over the past two years.
____ 2. W-2 / 1099’s for 20__ and 20__ from all employers (two years).
____ 3. Signed personal federal tax return including all schedules for 20__ and 20__.
____ 4. Most recent pay stub.
____ 5. Signed company federal tax returns including all schedules for 20__ and 20__ (self-employed).
____ 6. Current (within past 3 months) Year-to-date Profit and Loss statement and Balance Sheet for self-employed or commissioned applicants, reviewed and signed by an accountant without audit.
____ 7. Award letter(s) or most current amendment for social security or retirement benefits. Include proof of payment (direct deposit or check stub).
____ 8. Copy of Note income – must have 5 years or more remaining.
____ 9. Rental agreements / leases (FHA requires one year lease) for all tenants or real property owned.
____ 10. Schedule of Real Estate on all real property owned to include property address and zip codes, type property (SFR, TH, condo, etc.) type mortgage (FHA, VA, conventional, private, etc.), date mortgage originated, mortgage balance, mortgage payment, rental income, and net income earned (positive and / or negative) on each property.
____ 11. Proof of consistent receipt of child support and alimony if considered qualifying income.
____ 1. Two months of current statements for ALL bank, credit union or savings accounts showing BALANCE, ACCOUNT NUMBERS, and COMPLETE ADDRESS of the lenders.
____ 2. Stock and bond account statements including broker’s names, addresses, account numbers, number of shares and value.
____ 3. Life insurance face amount – cash value if any.
____ 4. Year, make and estimated value of all vehicles.
____ 5. Gift letter – funds will be verified in borrower’s account.
____ 1. Name, addresses, balances, monthly payments, and account numbers for all vehicle loans, charge accounts, credit cards, and any other financial obligations.
____ 2. Lenders’ names, addresses, balances, monthly payments, and account numbers for all mortgages. Include a copy of annual statement, a 12 month payment history, and the loan type (FHA, VA, conventional and / or private) for each loan.
____ 3. Letter explaining any slow pays, collection accounts, judgments, or other credit problems.
____ 4. Bankruptcy paper (petition, schedule of debts, and discharge) and a letter of explanation.
____ 1. Addresses and dates of occupancy for ALL residences for the past two years.
____ 2. Names and addresses of all landlords within the past two years.
____ 3. Copies of social security cards and driver’s license (photo ID is required for each borrower).
____ 4. If divorced, provide divorce decree and stipulations.
____ 5. Name and address of nearest living relative.
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Table of Contents | Homebuyer Course Start Page | Find A Realtor | Budgeting To Buy a Home | Neighborhoods | Find Your First House | Inspect Before You Buy | Shop For a Mortgage Loan | Mortgage Home Loan Process | Credit Score and Credit Report | Home Mortgage Loan Closing | Being a Home Owner
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