| Below is a list of typical elements some lenders require, however some lenders may require additional information and others may require less. There are loan programs to meet virtually every buyer's needs. |
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EMPLOYMENT HISTORY / INCOME SOURCES |
| Name, address & phone numbers of all employers for past two years |
| Past two years W-2's |
| Most recent pay stub from employer |
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SELF EMPLOYED BORROWERS & COMMISSIONED INCOME |
| Past two years tax returns with all schedules (Individual, Partnership and Corporate) |
| Current Balance Sheet and Year To Date Income Statements for the business owned |
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SOURCES OF FUNDS FOR CLOSING |
| Name, address and account numbers for all checking, savings and investment accounts |
| Most recent bank statements on all accounts |
| Closing statement on sale of prior home |
| If using gift funds, we can help prepare gift letter and verify funds |
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DEBTS / OBLIGATIONS |
| Provide account number, monthly payments, and approximate balance for all debts: |
| - Auto Loans |
| - Credit Cards |
| - Signature Loans |
| - Landlord (need address) |
| - Mortgage Loans (need address) |
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MISCELLANEOUS INFORMATION & DOCUMENTS |
| Initial deposit for credit report and appraisal |
| Copy of Earnest Money Agreement / Contract |
| Child care letter / explanation |
| Bankruptcy papers and discharge, if applicable |
| Photo I.D. and Social Security cards (FHA only) |
