Make no mistake, there’s a lot involved in getting a mortgage loan. You wouldn’t be here on our website if you could fill out a one-page application and get the best loan for you funded the same day.
Use this checklist as general guideline to assist you when you apply for a home loan.
Mortgage Loan Application Checklist
In general, the documentation you will need includes:
Check for application fee
Property Information (if you already have a contract on a house)
Purchase Contract. (Regional Sales contract & Addendums)
Copy of legal description (Public Records) and MLS sheet.
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:
Statements for each bank, mutual fund, and/or investment account for the last three months.
Estimated value of personal property and furniture.
If you have made any large deposits to your accounts:
If you own more than 25% of a business:
If you own rental property:
If you are retired:
If you receive Social Security:
If you are counting child support as income:
Names, addresses, account numbers, balances and monthly payments on all current loans.
Explanation of credit report anomalies, including:
Copy of DD Form 214, Report of Separation.
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.
Hopefully, this checklist can assist you with gathering the necessary information you need for your loan application and help make the mortgage process smoother for you.
Nance & Associates, Realtors would be happy to assist you with you home buying process.
Real estate Agency has been helping home buyer and sellers in the Fredericksburg VA Area since 2002.
Posted by Kristofer Nance
Kristofer Nance, Associate Broker with Nance & Associates, Realtors in Fredericksburg VA.
Mortgage Broker, Quikhome Mortgage Lending, LLC, 2063359,
Kristofer Nance, MLO 2033980, (nmlsconsumeraccess.org).
Insurance Agent with Union Insurance Agency
Nance & Associates, Realtors 433 Elm St, Fredericksburg VA 22401 Office (540) 373-7474 Sales@nancerealtors.com Office Hours Monday-Friday 09:00am - 5:00pm Saturday 10:00am - 4:00pm Sunday 11:00am - 4:00pm
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Disclaimer - Information is believed to be accurate, but should not be relied upon without verification.
Listing information may be from various brokers who participate in IDX and not all listings may be visible on the site. The property information being provided is for consumers personal, non-commercial.
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