How to finance a house Part 5 "Documents Needed for Loan Application" - John Reinhardt Solid Source Realty 770.475.1130 ext6806

www.InFrontMarketing.com

John Reinhardt

REALTOR

770.475.1130 Ext. 6806

Documents Needed for Loan Application

1. Check or cash for Credit Report and Appraisal Fees. Approximately $350.00 total.

2. Names, addresses, phone numbers and dates worked for each employer for the past two years. Most recent pay stub. W-2s for the past two years.

3. A copy of your present driver's license and Social Security card.

4. Names, addresses, account numbers and balances of all bank accounts you currently have open.

5. A copy of your previous three months' bank statements on each open account (all pages of statement).

6. Debts (credit cards and loans): Names, account numbers, addresses, balances, and monthly payments. Include accounts with zero balances and student loans.

7. Current or recent mortgage holders, if any, with names, addresses, and account numbers. Note: this includes any equity loans you may have.

8. Value of life insurance policies and the amount of their net value.

9. Approximate value of personal property, such as furniture, appliances, jewelry, expensive camera equipment, etc.

10. Make, year and value of vehicles.

11. Copy of the Purchase Agreement on the home you are buying.

Special Circumstances

The following additional information may be required at loan application:

Self employed persons will need to supply the previous two year's tax returns, signed and with all attachments, and a signed Year to Date Profit and Loss Statement prepared by an accountant. If you are incorporated, please bring two years' complete corporate tax returns.

Applicants with rental property will be asked to supply information on lenders and copies of rental or lease agreements.

If present home is pending sale or sold, a copy of sales contract and/or HUD 1 (Settlement Statement).

If you are applying for a VA loan, bring your Certificate of Eligibility and discharge papers (DD214).

John Reinhardt

REALTOR

770.475.1130 Ext. 6806

www.InFrontMarketing.com