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Loan
Application Documents Checklist
(Printer
Friendly Version)
Gathering
all of the paperwork for a loan application can be
intimidating at first glance. But with a few
organizational skills and this checklist in hand,
you can get ready in a hurry. Advance preparation
often means a quicker, more efficient loan
process.
Income
 |
W-2
tax forms and 1099's (two years' worth
plus current YTD pay stub). If self
employed, you need business and personal
federal tax returns (two years, including
schedules and original signatures), a
current YTD profit or loss statement, and
a K-1 on all partnerships. |
Financial
|
All
bank account statements for the last three
months. |
|
Your
job history and any explanation of a job
change within the past two years. |
|
Verification
of your income from alimony or child
support. |
|
If
renting, your landlord rating. |
|
Your
residence addresses from the past two
years. |
Assets
|
Stocks
and bonds. |
|
Life
Insurance. |
|
Retirement
Funds |
|
Furniture,
cars and other valuable property. |
Liabilities
|
Credit
Cards - include account numbers and
balances. |
|
Auto
loans, leases - account numbers and value
of car. |
|
Explanation
and paperwork of any derogatory credit in
the past seven years. |
|
Explanation
of any credit inquiries made within the
past 90 days. |
|
Any
bankruptcy paperwork, if applicable. |
|
Auto,
student, and credit card loans - include
account numbers, monthly payments and
balances. |
Copies
Needed (if applicable)
|
Sales
contract. |
|
Title
of any debt-free vehicles. |
|
Property
leases for any properties you own. |
|
Gift
letter and copy of check. |
|
Separation
papers. |
|
Divorce
and child support documents |
|
Recently
sold property closing statements. |
|
Cancelled
checks for rent or mortgage payments for
the last 12 months. |
Other
|
Homeowners
insurance information. |
|
Credit
report fee (usually around $50). |
|
Check
for appraisal. |
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