Application Checklist

Your Property

• Copy of signed sales contract including all riders
• Verification of the deposit you placed on the home
• Names, addresses and telephone numbers of all real estate agents, builders, insurance agents and attorneys involved
• Copy of Listing Sheet and legal description if available (if the property is a condominium please provide condominium declaration, bylaws and most recent budget)

Your Income

• Copies of your most recent 30 days of pay stubs, including year-to-date earnings
• Copies of your W-2 forms for the past two years
• Names and addresses of all employers for the past two years
• Letter explaining any gaps in employment in the past two years
• Work visa or green card (copy of front and back)

If self-employed or receive commission or bonus, interest/dividends, or rental income:

• Provide full tax returns for the past two years plus a year-to-date Profit and Loss statement (please provide complete tax return including attached schedules and statements. If you have filed an extension, please supply a copy of the extension.)
• K-1s for all partnerships and S-Corporations for the past two years (please double-check your return. Most K-1s are not attached to the 1040.)
• Completed and signed Federal Partnership (1065) and/or Corporate Income Tax Returns (1120) including all schedules, statements and addenda for the past two years. (Required only if your ownership position is 25% or greater.)

If you will use alimony or child support to qualify:

• Provide a copy of the divorce decree or court order stating the amount, along with proof of payments received during the past year.

If you receive Social Security, disability, or VA benefits:

• Provide a copy of the award letter from the applicable agency or organization.

Source of Funds and Down Payment

• Sale of your existing home: Provide a copy of the signed sales contract for your current residence and a statement or listing agreement if the property is unsold. At closing, you must also provide a settlement/closing statement.
• Savings, checking or money market funds: Provide copies of bank statements for the past three months.
• Stocks and bonds: Provide copies of your brokerage statements or certificates.
• Gifts: If using gift funds toward your cash to close, provide a Gift Affidavit and proof of receipt of the funds.
• Based on the information provided on your application and/or credit report, additional documentation may be required.

Debt or Obligations

• Prepare a list of names, addresses, account numbers, balances, and monthly payments for all current debts, along with copies of the past three monthly statements.
• Include names, addresses, account numbers, balances, and monthly payments for mortgage holders and/or landlords for the past two years.
• If you pay alimony or child support, provide a copy of the marital settlement or court order stating the terms of the obligation.
• Check to cover Application Fee(s)