Loan-Application Checklist

Please contact your lender for their specific requirements.
These are the items they may need.

General:

Picture ID with social security number of borrower and co-borrowers.
Application fee.
Name and complete address of all landlords for the past two years.
Income verification as follows:
Employment history for the past two years including names, addresses, phone numbers, and length of time with each company.

Copies of your most recent pay stubs and W-2 forms (past two years).

Verification of other income
(social security, child support, retirement, etc.).
If self-employed, you need copies of the past two years’ signed tax returns, including all schedules, and a signed profit-and-loss statement for the current year. Retirees need tax returns for the past two years.
If you have rental-property income, bring a copy of all lease agreements.

Assets:

Copies of all bank and credit union statements for the past three months.

Copies of all stock/bond certificates and/or the past three statements from all investment and retirement accounts.

Prepare a list of household items and their values.
Copies of title documents for all automobiles, boats, motorcycles, etc.
Face amount, monthly premiums, and cash values of all life insurance policies. (Cash value may be used for closing costs or down payments. You need documentation from the carrier indicating cash value.)

Creditors:

Credit card account numbers, current balances, and monthly payments.
Installment loans (car, student, etc.). Same details as for credit cards. Mortgage loans (property addresses, lenders and lenders’ addresses, account numbers, monthly payments, and balances owned on all properties presently owned or sold within the last two years). Bring proof of sale of properties sold.
Child-care expenses/support
(name, address, and phone number of provider).

Other:

Bankruptcy: Bring discharge and schedule of creditors.

Adverse credit: Bring letters of explanation.

Divorce: Bring divorce decrees, property settlements, quit-claim deeds, modifications, etc., for all divorces for yourself and your spouse.
VA only: Bring Form DD214 and Certificate of Eligibility.
Retirees: Bring retirement and/or social security award letter
The data relating to real estate on this Web site derive in part from the Carolina Multiple Listing Services, Inc. IDX program. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. All properties are subject to prior sale, change or withdrawal. Neither First Properties of the Carolinas nor any listing broker shall be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties they may be interested in purchasing. © 2012 Carolina Multiple Listing Services, Inc.