Document Checklist and Instructions

A properly documented loan application makes your loan process go smoothly. This checklist will help you gather your paperwork.

1. Complete and sign the residential loan application, page 5 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.
2. Wage Earners:  Provide W-2's for 2006 and 2007 (Note: provide copies of all requested documents. Do not provide original documents.)
3. Self-Employed Borrowers:  Provide 2006 and 2007 Tax Returns including all schedules.
4. Most recent Pay Stubs to cover a 30 day period.
5. Bank Statements for a 2 month period.  (include all pages of statement)
6. Provide Home Owners Insurance information (not needed for HOA run properties)
7. If you own rental property, provide recent rental/ lease agreements.
8. Provide recent statements for stocks, mutual funds and IRA/401K accounts.
9. Provide a copy of the Sales Contract. (with cancelled earnest money check)
10. If you are requesting a cash out refinance, provide a letter explaining how you will use the refinance proceeds.
11. If applicable, provide a copy of your divorce decree and settlement agreement.
12. Provide a photo copy of your Driver's License.
13. 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.
14. If any borrower has filed bankruptcy, provide the Discharge Notice, Filing and Schedule of Creditors.
15. 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.)