Loan App Checklist - Ben Chused LAS VEGAS NV

Loan Application Checklist

In general, the documentation you will need includes:

Property Information (if you already have a contract on a house)

Purchase Agreement (usually provided by your real estate agent).

Copy of legal description and MLS sheet (real estate agent can also provide this).

If you are selling your current home, copy of listing contract.

If you have sold your current home, copy of settlement statement (HUD-1).

Income & Assets

Pay stubs for the last 30 days.

For the past two years:

	Names and addresses of each employer.
	W-2s

Statements for each checking/savings, retirement acounts and/or investment accounts for the last three months.

Estimated value of personal property.

If you have made any large deposits to your accounts:

Explanation and source for deposit.

If large deposit was a gift:

	Signed gift letter (I will supply gift letter).
	Copy of gift check.
	Copy of deposit receipt.

If you own more than 25% of a business:

Corporate or partnership tax returns.

If self-employed:

	Tax returns for the last two years (with all schedules).
	Year-to-Date Profit and Loss Statement.

If you own rental property:

Tax returns for the last two years (all schedules) and current rental agreements.

If you are retired:

Pension Award Letter.

If you receive Social Security:

Social Security Award Letter.

If you are counting child support as income:

	Copy of divorce settlement.
	Copy of twelve months of cancelled child support checks.

Debts

Monthly payments on all current loans (we can discuss and compare with your credit report to confirm accuracy).

Explanation of credit derogatory items, including:

	Late payments, credit inquiries in the last 90 days, charge-offs, collections, judgments and/or liens.
	Bankruptcy filed within last seven years (bring a copy of your bankruptcy papers).

VA Loans

Copy of DD Form 214 and Certificate of Eligibility.

Miscellaneous

Photo ID and proof of Social Security number.

Residence addresses for the past two years.

If applicable, a copy of your divorce decree.

If you are not a citizen, a copy of the front and back of your green card.

Southern Fidelity Mortgage, LLC 500 North Rainbow Blvd, Suite 110 LAS VEGAS, NV 89107
Phone: Fax: