Loan Checklist

With the advent of automated underwriting, many approvals require less documentation than they did in the past. Depending on the loan size and program selected, with excellent credit and verifiable assets, it may only be necessary to obtain a verbal verification of employment and bank statements.

However tightening credit restrictions mean heightened income documentation requirements such as paystubs, W-2's and tax returns ins ome cases.  Banks and/or asset statements to verify reserves and down payment where applicable may also be reuqired.

If you are a first time homebuyer you will be asked to verify timely payment of rents for the last twelve months.

• Statements of income such as W-2's, pay stubs, and financial statements
• Bank statements
• A list of any assets that you own
• Rental or mortgage history
• Employment history and current information
• Personal identification, including Green Card if applicable
• Purchase contract
• Other pertinent items such as: Bankruptcy Discharge Notice or Divorce Decree
• Loan application