Ashlee S.C. James (NMLS#: 368025)

(808) 591-1137

(NMLS#: 397936)

loan application checklist

In general, the documentation you will need includes:


  •           Check for application fee.

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, cop\y of listing contract.
 

          If you have sold your current home, copy of settlement statement (HUD-1).

 

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.
 

 Debts
 

          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

 

 Miscellaneous
 

          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 the back of your green card

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