| In general, the
documentation you will need includes: |
| |
Check for credit report ($25-$45) and/or appraisal ($300-$450).
Most lenders no longer charge an up-front 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, 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. |
|
For the past two
years: |
|
|
|
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: |
|
|
| |
If
you own more than 25% of a business: |
| |
|
| |
If
self-employed: |
| |
|
| |
If you own rental
property: |
| |
|
| |
If you are
retired: |
| |
|
| |
If you receive Social
Security: |
| |
|
| |
If you are counting
child support as income: |
| |
|
|
|
Debts |
|
Names, addresses,
account numbers, balances and monthly payments
on all current loans. |
|
Explanation of credit report
anomalies, including: |
| |
|
|
|
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 back of your
green card. |
