In general, the documentation you will need includes:
Property Information (if you already have a contract on a house)
Purchase Agreement (if you have already offered on a home).
Copy of legal description and MLS sheet (if Purchase Transaction).
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:
Names and addresses of each employer.
W-2s, 1099s and Federal Tax Returns for the last 2 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:
Explanation and source for deposit.
If large deposit was a gift:
Signed gift letter (lender can supply).
Copy of gift check.
Copy of deposit receipt.
If you own more than 25% of a business:
Corporate or partnership tax returns.
If self-employed:
Tax returns for the last three years (with schedules).
Year-to-Date Profit and Loss Statement prepared by an accountant.
If you own rental property:
Tax returns for the last two years and current rental agreements.
If you are retired:
Pension Award Letter.
If you receive Social Security:
Social Security Award Letter.
If you are counting child support as income:
Copy of divorce settlement.
Copy of twelve months of cancelled child support checks.
Debts
Names, addresses, account numbers, balances and monthly payments on all current loans.
Explanation of credit report anomalies, including:
Late payments, credit inquiries in the last 90 days, charge-offs, collections, judgments and/or liens.
Bankruptcy filed within last seven years (bring a copy of your bankruptcy papers).
VA Loans
Copy of DD Form 214, Report of Separation Certificate of Eligibility
Miscellaneous
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.
Licensed under the California department of Real Estate #00953953 is doing business as Gregg Mower, company NMLS# 905779 all Loans will be originated under Broker name Gregg Mower until the CA DRE approves MAE Capital Mortgage under Gregg Mower's Real Estate Brokers Lisence #00953953
MAE Capital Mortgage INC
8331 Sierra College Blvd Suite 200 Roseville, CA 95661 Phone: Toll Free Phone: Fax:
Loan Application Checklist
