LOAN APPLICATION CHECKLIST
The following information may be needed when applying for a mortgage :
Purchase contract and property information Copy of the sales contract Mailing address and property description Contact information for access to property Plans and specifications
( new construction only )
Personal Information Social Security number Date of birth Years of schooling Marital status Number and ages of dependents Current address and telephone numbers Addresses for the past seven years Current housing expenses
( rent , mortgage , insurance , taxes ) Name and address of landlord or mortgage holder for past two years
Employment history and income Two years of employment history Recent pay stubs and two years of W-2 forms Complete tax returns and financial statements if self-employed Written explanation of employment gaps
Records of dividends and interest received Proof of other income
Assets Complete information on all bank and money market accounts Two or three months of bank statements Current values of stocks , bonds , mutual funds and other investments Vested interest in retirement funds Value of life insurance Information on vehicles you own Information on real estate you own Value of significant personal property you own Liabilities and debts Itemized list of all current debts
( loans , credit cards and other bills ) Written explanation of past credit problems Full details of bankruptcy during the last seven years Fees Credit report and appraisal fees
( usually $ 500 or less )