Loan Checklist

1. Identification

• Current photo identification (driver’s license or ID card) for each borrower

• Social security card

• Resident alien card

2. Income

• Current pay stubs (one full months)

• W2s/1099s (last two years) and names and addresses of each employer

• Evidence of social security/retirement income (i.e. copy of check or award letter)

• Federal tax returns, with all schedules/attachments (last two years)

• Partnership/corporate tax returns (last 2 years)

• Signed year-to-date profit and loss statement

• K1s for all partnerships

• Evidence of child support income (i.e. 12 months cancelled checks)

• Rental agreements on all rental properties

3. Assets

• Bank statements, all pages (last two to three months)

• Money market statements (last two to three months)

• 401k statements

• Original gift letter

• Copy of transfer of gift funds to escrow or your bank account (ask us first)

• Verification of donor’s ability to give gift funds (i.e. bank statement)

• Copy of current mortgage Note (refinance only)

• Declaration page from current hazard

• Insurance policy or preferred insurance provider

4. Credit

• Landlord addresses (last two years)

• Complete divorce settlement document

• Complete bankruptcy papers

• Explanation of derogatory credit