Loan Aps: What You Need
*3 months’ bank statements on all accounts, including 401k
*Copy of HUD1 Settlement Statement on recent sales of homes
*Gift letter (for funds from family members); donor’s bank statement; copy of gift check; copy of deposit receipt
*Landlord’s name, address, and phone number
*Explanations for late payments; credit inquiries in the last 90 days; charge-offs; collections; judgments; liens
*Copy of bankruptcy papers filed within the last seven years
*Copy of Social Security Card and driver’s license
*Last two years’ W2 forms
*Most recent pay stubs covering a 30 day period
-Federal tax returns (1040’s) for the last two years, if:
*You are self-employed; earn regular income from capital gains; earn sizable interest income; earn more than 25% of your income from commissions or bonuses; own rental property; or you take non-reimbursed business expenses.
*Year-to-Date Profit and Loss Statement (for self employed)
*Corporate or Partnership tax returns (if you own more than 25% of a business)
*Copy of purchase agreement (if you have already made an offer)
*Receipt for child support payments
*Copy of Divorce Settlement