Loan Checklist

Loan Application Checklist

In general, the documentation you will need includes:

  • Check for application fee

Income & 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.

    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).


    • 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.

    Work With Heather

    For most families, choosing a new home is the biggest financial decision they will ever make. There are many complicated decisions involved in choosing a home. As one of the top real estate professionals in the local market, I'll negotiate the best prices and terms for you and answer all of your questions as they arise.