GENERAL REQUIR EMENTS:

Photo ID and Social Security number

Resident’s Address for the last two years or complete Residential address of allthe landlords for past 2 years

Application fees

INCOME & ASSETS
Income:
Earning Statements

Employment history and full details of the companies joined in last two years.

Federal Tax returns in case of regular capital gain, considerable interest income, and rental property ownership.

Verification of various other sources of income

If retired
Pension award letter and other veteran’s benefits

If receiving social security
Social security award letter

If applier owns rental property
All lease agreements and Tax returns for the last two years.

If applier includes Child support as an income
Copy of divorce settlements
Cancelled child support checks (for past one year)
Overtime bonus and commission

SELF EMPLOYMENT

Tax return of past three years

Profit and loss statement of current year and previous year.

ASSEST:

Copies of All bank statements for checking and saving account, s

Details of all stock investments, mutual funds, bonds.

A list of household items and their estimated value

Details and documents of all automobiles, motorcycles and /or boats applier possesses.

Monthly premiums, and Details of all life insurance policies and their cash values.

Other statements (if applicable) like 401K statements, HUD1 settlement statement or estimated HUD1 settlement statement

Any serious deposit, it may include a large sum as a gift or the deposit made to the property seller as a token money to show your seriousness towards the purchase.

A signed gift letter, a Copy of gift check and a Copy of deposit receipt Are required applier’s account has a serious amount deposited as a gift.

CREDIT REPORTS REQUIRED:

Information about Credit card (account number, current balance in account).

Property Mortgage (Address of property, Address of lender, monthly payments,

Details of Other Loans (Car loans, student loan etc)

OTHER POSSIBLE REQUIR EMENTS (if applicable)

Bankruptcy papers if Applier has filed bankruptcy within last seven years

Divorce and property settlement papers along with modifications.

In case of VA loans, a copy of DD form 214 along with proof of eligibility is needed.

Credit report and explanation on late payments, inquiries, check offs etc