PERSONAL INFORMATION

Completed Loan Application (apply online at www.homeloanmortgageco.com/apply)  

Signed Borrower Certification and Authorization.

Copies of all borrowers’ Drivers’ Licenses and Social Security Cards/Unexpired Passports (or a second form of ID).

E-mail addresses for all borrowers and anyone that will be on title.

INCOME DOCUMENTATION (As Applicable)

Most recent pay stubs covering 30-day period.

If Borrower has Bonus/Commission/Overtime income, HR Contact(s) that can complete “Verification of Employment”.

Last two years W-2 forms.

Last two years personal Tax Returns (with all Pages and Schedules Attached).

If any borrower owns a business - 25% or more, last two years company Tax Returns (with all Pages and Schedules Attached); if less than 25%, copies of last two years K-1's.

Year to Date Profit & Loss and Balance Sheet (signed by preparer) and last three months’ business bank statements.

Proof of Social Security, Pension, or Disability Income.  Please provide copies of award letters and receipt of funds.

ASSET DOCUMENTATION (As Applicable)

Two most recent months’ bank/asset statements (last 60 days) - all pages (even if blank).  Please include Checking, Savings, Stock, Mutual Fund, IRA, 401k, etc. Please also include “Terms and Conditions of Withdrawal” for company sponsored retirement accounts (401k, etc.)

Copy of bank cleared earnest money check (front and back) and account activity printout/bank statement evidencing check cleared account.

REAL ESTATE INFORMATION (As Applicable)

Copy of Sales Contract - Subject Property.

Copy of Sales Contract - Current Home.

Signed Closing Disclosure/Settlement Statement for any property sold in the last 3 months.

If currently renting, copies of last 12 months of canceled checks evidencing rent payments along with copy of lease (purchase transaction).

For any property owned, copy of most recent mortgage statement(s); homeowner’s insurance declaration page evidencing annual premium; most recent property tax bill; and copy of HOA statement evidencing dues (if no HOA, please confirm). If any properties are rentals, please include a copy of the signed lease (expired leases must be accompanied by signed extensions).

Contact information for HOA Management Company. 

LETTERS OF EXPLANATION – SIGNED AND DATED (As Applicable)

Gift form completed and signed; paper trail of funds transfer; and donor’s most recent bank statement evidencing ability to give gift.

Credit Problems.

Reason for Cash-out.

Gap in Employment/Job History.

Increase in Account Balance/Large Deposits (with paper trail of non-payroll deposits) – will request after underwriting.

Recent Credit Report Inquiries (please state each by name and if any new debt was obtained) – will request after credit is pulled.

OTHER INFORMATION (As Applicable)

Homeowner’s insurance declaration page evidencing annual premium and agent contact information.

Divorce Decree and Separation Agreement (all pages).

Complete bankruptcy papers (filing and discharge) along with signed letter of explanation.

If receiving and disclosing alimony/maintenance/child support, last six statements evidencing receipt (NOTE: this income does NOT need to be disclosed; borrower discretion.

If paying off a second mortgage, copy of HUD-1/Settlement Statement from closing evidencing second was used to purchase or was a cash-out.

If re-subordinating a second mortgage, copy of Promissory “Note”.

If subject property has solar panels, financing company contact information and copy of financing terms.

FHA LOANS

Copy of Closing Disclosure from original closing (refinance transaction).

VA LOANS (As Applicable)

Copy of DD-214, Statement of Service or Points Statement.

Copy of Leave and Earning Statement.

VA Disability Awards Letter

USDA LOANS

Signed letter stating number of adults and children, under 18, that will live in the household.

Last three pay stubs for ALL adults living in household (regardless if on the loan).

Last two years tax returns for all borrowers – all pages.

CONSTRUCTION LOANS

Cost breakdown.

Plans/Specs.

Contract with builder.

Lot Purchase contract/Copy of Settlement Statement/HUD from lot purchase.

Builder’s resume and contact info.