Items for Loan Approval

Employment
Addresses for two full years
Gross monthly income (prior to any reductions, i.e.
taxes, savings)
W-2s for the last two calendar years
Proof of pensions, retirement, disability, or Social
Security
Proof of income from rentals, investments, etc.
Proof of child support or alimony paid/received
Paycheck stubs for previous 30-day period. (4 weekly, 2 bi-monthly)

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 for all accounts
Type of accounts and present balances
Three months of current statements


Banking
Names and addresses of saving institutions
Account numbers for all accounts
Type of accounts and present balances
Three months of current statements

Miscellaneous
List of assets in stocks, bonds, or land
Life insurance cash value (documented if used as cash 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