The Hill Team - Loan Application Checklist

Loan Application Checklist

In general, the documentation you will need includes:

Check or credit card info for appraisal fee

Property Information (if you already have a contract on a house)

Purchase Agreement.

Copy of legal description and MLS sheet.

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

Statements for each bank, mutual fund, and/or investment account for the last three months...ALL PAGES

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 two years (with schedules).
	Copy of current and previous two years business licenses

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 recorded divorce settlement...ALL PAGES
	Copy of six 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 recorded bankruptcy papers...ALL PAGES).

VA Loans

Copy of DD Form 214, Report of Separation.

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.

The Hill Team

3190 S. Bascom Ave., Ste. 100, San Jose, CA 95124

off. 408-626-0394 / cell 408-898-0100 / efax 408-558-4421

DRE# 01332532 NMLS# 309812 American Pacific Mortgage NMLS# 1850

American Pacific Mortgage 3190 S. Bascom Ave Ste 100 San Jose, CA 95124

Phone: Fax: