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Document Checklist and Instructions
A properly documented loan application makes your loan
process go smoothly. This checklist will help you gather your paperwork.
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Complete and sign the residential loan application,
Form 1003, and the attached loan info sheet, credit authorization and
fair lending notice. Page 4 of the application is a continuation page
in case you need additional space for your assets or liabilities. If
you make a mistake while filling out the application cross it out, and
make a change. Do NOT use whiteout.
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If you are salaried: provide W-2's for the previous
two years and one month of paystubs. If you are self-employed, provide
tax returns for the previous two years, including all schedules, and a
YTD profit and loss statement. (Note: provide copies of all requested
documents. Do not provide original documents.)
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If you own rental property, provide recent rental
agreements and tax returns for the previous two years, including all
schedules.
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To speed up the approval process, provide bank
statements for the most recent three months, and recent statements for
stock, mutual funds and IRA/401K accounts.
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If you are requesting a cash out refinance, provide a
letter explaining how you will use the refinance proceeds.
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If applicable, provide a copy of your divorce decree
and settlement agreement.
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If you are NOT a US citizen, provide a copy of your
green card (front & back). If you are NOT a permanent resident provide
a copy of your H-1 or L-1 visa.
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If any borrower has filed bankruptcy, provide the
Discharge Notice, Filing and Schedule of Creditors.
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If you are applying for a home equity line of credit
or loan (second loan), also include your first mortgage note. (This
should be with your closing loan documents.)
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