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. |