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Document Checklist and Instructions
A properly documented loan application makes your loan process go smoothly. This checklist will help you gather your paperwork.
- Complete and sign the residential loan application, Form 1003, and the attached loan info sheet, credit authorization and fair lending notice. Page 5 of the application is a continuation page in case you need additional space for your assets or liabilities. If you make a mistake while filling out the application cross it out, and make a change. Do NOT use whiteout.
- If you are salaried: provide W-2's for the two most recent tax years and one month of paystubs with year to date calculations. If you are self-employed, provide tax returns for the two most recent tax years, including all schedules, and a YTD profit and loss statement.
- Provide copies of all requested documents. Do not provide original documents.
- If you own rental property, provide recent rental agreements.
- To speed up the approval process, provide bank statements for the most recent two months, and recent statements for stock, mutual funds showing ALL funds to be used in this transaction.
- If applicable, provide a copy of your divorce decree and settlement agreement.
- If you are a US Citizen, provide a copy of your driver license (front & back) for each borrower. Also provide a copy of your social security card (front & bank), voter registration card (front & back), or passport (all pages) for each borrower.
- If you are NOT a US citizen, provide a copy of your green card (front & back). If you are NOT a permanent resident provide a copy of your H-1 or L-1 visa or a copy of your work permit. Also provide a copy of your social security card (front & back).
- If any borrower has filed bankruptcy, provide the Discharge Notice, Filing and Schedule of Creditors.
- If you are applying for a home equity line of credit or loan (second loan), also include your first mortgage note. (This should be with your closing loan documents.)
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