(305) 599-7792 info@lionintlrealty.com

Loan Application and Document Checklist

To apply for a loan you need to provide several items and pieces of information.

  • Application-fee check.
  • Photo ID
  • Proof of Social Security number.
  • If you are not a citizen, a copy of both sides of your green card
  • Pay stubs for the last 30 days.
  • Residence addresses for the past two years.
  • Employer names and addresses and W-2 forms for the last two years.
  • Statements from 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, provide an explanation and the source
  • If the large deposit was a gift, provide a signed “gift letter”, which the lender can supply; a copy of the “gift check”; and, a copy of the deposit receipt.
  • Property Information, if you already have a contract on a house. You do not, however, need to have a property identified, nor, a contract on a property to complete the application and the pre-approval process.
  • Purchase Agreement.
  • Copy of legal description and MLS sheet.
  • If you are selling your current home, a copy of the listing contract.
  • If you have sold your current home, a copy of the settlement statement (HUD-1).
  • If you own more than 25% of a business, you need to provide corporate or partnership tax returns.
  • If self-employed, you need to provide tax returns for the last three years, with schedules, and year-to-date profit and loss statement prepared by an accountant.
  • If you own rental property, provided tax returns for the last two years and current rental agreements.
  • If you are retired, provide a pension award letter and your Social Security award letter, if applicable.
  • A copy of your divorce decree, if applicable.
  • If you are counting child support as income, you need to provide a copy of the divorce settlement and twelve months of cancelled child support checks.
  • Debts: names, addresses, account numbers, balances and monthly payments on all current loans.
  • Explanation of credit report actions including late payments, credit inquiries in the last 90 days, charge-offs, collections, and judgments and/or liens.
  • Bankruptcy filed within last seven years (bring a copy of your bankruptcy papers).
  • VA Loans: copy of DD Form 214 and the “Report of Separation”.