Sam Rosenblatt

NMLS# 75844

Mortgage Planner

Return to articles

What You Need for Your Loan Application
By Academy Mortgage Corp.

Use the following checklist to be sure you have everything you need for your loan application.

o Purchase Contract (for the purchase of your new home)
o Sales Contract (if you are selling your current home)
o Certified copy of the closing statement (if you have sold your home)
o All original paystubs for the last 30 days (showing your name, Social Security number, and year-to-date earnings)
o Original copies of your most recent two years’ W-2s and complete tax returns
o Proof of other income: Tips, Social Security payments, and investment income (if any)
o If you have a rental property: Your current rental agreement and your most recent two years’ tax returns with all schedules
o If you are self-employed or receive a 1099: Your most recent two years’ tax returns with all schedules and a year-to-date profit and loss statement and balance sheet
o If you own 25% or more of your corporation: The corporation’s most recent two years’ corporate tax returns with all schedules and a year-to-date profit and loss statement and balance sheet
o If you are commissioned: Your most recent two years’ tax returns with all schedules and year-to-date employee business expenses
o Information on residence history (for the past two years)
o Information on all outstanding loans and credit cards
o Originals of your last three months’ bank statements for all accounts
o Information on real estate you currently own
o Information about other personal property you own
o Copy of your driver’s license and another form of identification (Social Security card, passport, etc.)
o Payment for appraisals and credit report fees
o If divorced: All divorce papers
including marital termination agreement and final decree (signed by the court)
o Original certificate of eligibility and DD214 (VA loans only)

NMLS# 75844

State Lic: DE: MLO-75844; NJ: 75844; NC: I-109203; MD: 237; FL: LO31872; PA: 28407; VA: MLO-6487VA; DC: MLO75844;

Corp Lic: DE: 010825; NJ: 3113; NC: L-143680; MD: 12423; FL: MLD241; PA: 22177; VA: MC-5196; DC: MLB3113;

Licensed by the N.J. Department of Banking and Insurance; www.nmlsconsumeraccess.org;