WHAT KIND OF DOCUMENTS ARE REQUIRED FOR A LOAN?


1. Bank account numbers (savings and checking), stock account numbers, balances, and addresses of all financial institutions you normally deal with;
2. Addresses for the past 2 to 10 years of residence, including the dates occupied and the names and addresses of previous landlords;
3. Employment history for the past 2 to 10 years, including dates and addresses;
4. Social Security numbers, drivers license numbers, and credit card numbers;
5. All records pertaining to current debt, including car loans, bank loans, and credit cards;
6. Pay stubs for the previous two pay periods, along with amounts for items such as bonus, overtime, and tips;
7. Value of all assets you currently have, including cash, furniture, cars, and insurance policies;
8. A check for the appraisal, credit report, and loan application fee;
9. Lease agreement for your current home if it is rented;
10. A copy of the sales contract on the home in which you are interested in purchasing;
11. Names and addresses for any previous debts that you incurred and have completely paid off;
12. Records supporting all additional sources of income, including child support, alimony, pensions, social security, etc.;
13. Your current and previous year's tax return.


MORTGAGE Q&As

What is a Loan that Originated in a Portfolio?
What is the "Secondary Market"?
What Kind of Documents are Required for a Loan?
What is a Credit Check and Who Performs Them?
What Does a Lender Have to Disclose to You by Law?
What is PITI?
Why Do I Need Private Mortgage Insurance (PMI)?
Where Do I Get Private Mortgage Insurance (PMI)?
What is an Interest-Only Loan?
What are the Limits on FHA Loans?
What Is Seller Financing?
What are the Primary Institutions of Money and Mortgages?
What is the Advantage of Using a Broker for my Home Loan?

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Type of Loan

Mortgage Refinance
Home Equity Loan or Line
Debt Consolidation
New Home Loan

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