Items Needed

After you finished your application, below is a basic checklist of the items you need to start gathering:

1. Clear and enlarged copy of drivers licenses

2. Most recent 2 years W-2's

3. Most recent 30 days paystubs

4. Most recent 2 months of largest bank/asset statements (all pages, even if blank).

5. Most recent 2 years personal signed federal tax returns (all pages/all schedules)

6. If self employed, most recent 2 years business federal tax returns - (1120's or 1065's - all pages/all schedules/all K-1's)

7. If applicable, divorce decree and separation agreement, stamped and recorded

8. If purchasing, complete copy of signed purchase contract (all pages)

9. If refinancing, copy of most recent mortgage statement

Credit Do's and Don'ts to Keep in Mind

2 MINUTE READ

We use a debt monitoring service that notifies us when you have applied for credit after the time of your initial loan application. We monitor this up until the day of closing. We do this because...

Where Does My Earnest Money Go?

2 MINUTE READ

Hey, I gave my Realtor a $5,000 earnest money deposit check...Where does that money go?

This is a basic and very obvious question that most first-time homebuyers ask once their...

Who are Fannie and Freddie?

2 MINUTE READ

Most lenders would consider a conventional mortgage as a loan that conforms to the guidelines set forth by Freddie Mac and Fannie Mae, the two government sponsored enterprises (GSEs)...

What Does Title Insurance Protect Me From?

1 MINUTE READ

By including insurance when purchasing a property, your title insurer takes on the responsibility for legal expenses to defend your property's title, should it ever be challenged. Many different...

Borrower Checklist - Items Needed

Related Articles: