Be Prepared for Your Loan Application: What to Bring

Employment

Addresses for two full years Gross monthly income W-2s, if available Proof of pensions, retirement, disability or Social Security, Proof of income from rentals, investments, etc. Proof of child support or alimony paid/received year to date, pay stubs

If self-employed

Two years 1040 Tax Returns Current year profit and loss statement

Creditors

Each creditor's name, address and type of account, Account numbers, Monthly payments and approximate balances Amount of child care expenses

Banking

Names and addresses of saving institutions, Account numbers for all accounts, Type of accounts and present balances

Miscellaneous

List of assets in stocks, bonds, land Life insurance cash value (documented if for down payment) If applicant is selling a home, a copy of sales contracts, Social Security numbers for all parties Veterans - Certificate of Eligibility and DD-214 Cash or check to pay for application fee

Your Realtor should provide

Copy of sales contract Copy of MLS listing sheet on property Instructions on how appraiser is to gain entrance