 |
Info pertaining to the property being purchased:
- Signed Earnest Money Agreement and copy of Earnest Money Check
- Listing Kit and Preliminary Title Report on subject property
- Termite and Dryrot Report and Clearance (2053 FHA)
- Copies of Inspections - roof, septic, well/water, structural, etc.
Info pertaining to the borrower's financial situation:
- Name and address of employer (2 years)
- Name, address and account number of Mortgage Co. or landlord (2 years)
- Current pay stubs covering 30 days with year-to-date earnings
- Last 2 years W-2 forms
- Last two months bank statements (all pages)
- Last two years Federal Tax Returns (all schedules)
- Agreement on Sale of Present Home and Projected Net Sheet
- Closing statement on home sold (HUD-1)
- Rental Agreement
- Gift Letter
- Award Letter for Social Security, Disability or Retirement
- Final signed Divorce Decree with Property Settlement and Child Support
- Copy of Bankruptcy and Discharge Papers
- Written explanation with Documentation on all Derogatory Credit Items (i.e. late payments), Inquiries to Credit, and all Large Bank Deposits
- Check for Credit Report and Appraisal
Additional info required for self-employed borrowers:
- Last two years Federal Tax Returns (all schedules)
- 1065, 1120 or K-1 returns (if applicable)
- Year-to-date profit and loss statement and balance sheeet signed by a bookeeper
Additional info required for FHA (Federal Housing Administration) loans:
- Drivers License or picture I.D.
- Social Security Card
- Lead Paint Notice
- Amendatory Clause
Additional info required for VA (Veteran's Administration) loans:
- Drivers License or picture I.D.
- DD-214 or Statement of Service
- Certificate of Eligibility
- Name and address of nearest relative
- Amendatory Clause
|
