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The
original, fully executed Earnest Money Contract. If the loan is conventional,
a copy is acceptable. |
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Past
24 months of residence with complete address including zip code. Name
of landlord or mortgage company, complete addresses and account numbers.
Copy of Settlement Statement on any perviously owned homes.
|
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Creditors
account numbers, mailing addresses, approximate balances and monthly
payments. This includes credit cards. |
|
Past
2 years employment history. Include addresses and ZIP codes. Also,
a copy of your most recent year-to-date paystub. |
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W-2
forms for the past two years. For self-employed borrowers, make copies
of your last two years in tax returns, with all schedules included,
for personal and business. Sign and date copies with original signatures
and the current date signed. |
|
Bank
account mailing addresses, account numbers and approximate balances |
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Last
two months bank statements reflecting an average balance sufficient
to pay your total move-in cost. |
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Copy
of your current driver's license and Social Security card.
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If
you are using child support, alimony, or seperate maintainance for
qualifying purposes, you must provide a copy of your divorce decree.
|
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Be
prepared to discuss the source of funds for closing. This includes
down payment, closing costs and prepaids. You will also need to show
sufficient liquid assets in reserves of two months PITI. |
|
Sources
may include:
- Gift
letter
- Secured
funds
- Sale
of an asset
|
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If
a VA loan application, bring your Certificate of Eligibility and
a copy of form DD214.
|
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Approximate
fees required at time of loan application:
- Credit
report -- $55
- &
FHA appraisal -- $275
- or
VA appraisal -- $275
- or
Conventional appraisal -- $300
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