This checklist provides most of the items needed to complete the formal loan application process for a full documentation loan. Less documentation may be required for some borrowers.
(W-2 FORM'S FOR TWO YEARS)
PAY STUBS-MOST RECENT 30 DAYS
TWO MONTHS OF MOST RECENT BANK STATEMENTS. (ALL PAGES)
401K FUNDS AND IRA'S STATEMENTS
IF SELLING PRESENT HOME, ESTIMATE NET PROCEEDS RECEIVED FROM THE SALE. ONCE YOUR OLD HOME IS SOLD A HUD-1 OR SETTLEMENT STATEMENT WILL BE REQUIRED.
NAME AND PHONE NUMBER OF DESIRED INSURANCE AGENT PRIOR TO CLOSING
FEDERAL TAX RETURNS FOR THE PREVIOUS 2 YEARS (IF SELF EMPLOYED OR RECEIVE 25% OR MORE IN COMMISSION INCOME)
COMPLETE COPY OF BANKRUPTCY PAPERS INCLUDING DISCHARGE
