Document Checklist
Common documents that are frequently asked for when applying for a loan
Income Verification
☐ W-2’s from current and past employers for 1 year
☐ Pay stubs
☐ Income tax returns for last two years
☐ If you're self-employed
– Profit and loss statements
– List of business debts
– Form 1099s
☐ Other sources of income
– Alimony or child support
– Investment income
– Disability or Social Security Income
Assets and Debts (to Calculate Debt to Income Ratio)
☐ Two months of account statements
– Checking and Savings
– Investment Accounts
☐ Other Debt
– Current Mortgage / Rent Payments ( 1 year )
– Auto Loans
– Student Loans
Credit Verification
☐ Authorization to check your credit report
☐ Permission to request a transcript of your tax return ( 4506-T )
☐ Credit explanation letter
- Explaining any late payments, collections, judgements, or other items
not in good standing
Other Items
☐ Photo Identification
☐ Social Security Number
☐ Bankruptcy and foreclosure
- Discharge papers for any bankruptcies in credit history
- Proof that the property deed has been transferred for foreclosure
☐ Payment history
- Utilities, cellphone, cable TV, car insurance and other expenses