Loan Application Checklist

In general, the documentation you will need includes:
Check or Credit card for credit Check fee ~$25. If credit report need update, then will be more.  Exact amount is depend on 3rd party invoice. Check or credit card for appraisal from $375 to $450.  If property is rental, then appraisal fee will be $175 to $200 more.  If it is new construction, or refinance with remodeling during the loan processing, Appraiser will charge a final re-inspection fee from $150 to $250

Property Information (for purchase only)
Purchase Agreement with property disclosures
MLS sheet.
If you are selling your current home, copy 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.

Names and addresses of each employer for last two years

W-2s for Last year
Statements for each bank, mutual fund, and/or investment account for the last two months.
  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 two 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.


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 120 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.


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 back of your green card, or H1, L1 paper