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Loan Checklist:

Information lenders may require when applying for a loan:

Purchaser – Furnished information:

I. Verification of income and employment:

    A. Social Security number of borrower and co-borrower.

    B. Income tax statement and copy of W-2 for previous year (2 years if self-employed).

    C. Names and addresses of employers for past four years.

    D. Name and correct mailing address of person to whom employment verification information should be directed.

    E. Other income:

      1. Social Security
      2. Retirement
      3. V.A. Compensation (Note: Copy of award letters or checks received each month.)

II. Present address and previous address to cover two full years.

III. Account numbers and balances for:

    A. Checking accounts

    B. Savings accounts

    C. Paid accounts (if paid-off recently and represent major credit such as automobile, furniture, home improvements, etc.)

    D. Current accounts (charge accounts and monthly installment) and current balances for each.

IV. Retirement fund or profit-sharing information, life insurance cash values and premium paid, stocks, bonds with identification numbers, and other similar assets.

V. If rental property is owned, furnish a copy of rental/lease agreement on same.

VI. If you have previously had a mortgage, or have one now, bring information as to the type of loan it is, the loan number, and the name and address of the mortgage company to which you make/made your payments.

VII. If you are divorced and have children by a previous marriage, furnish evidence of amounts and dates of child support paid or received. You must furnish your divorce decree to verify the amount of child support received.

VIII. If applying for a VA loan bring a copy of your DD-214 Discharge Paper and Certificate of Eligibility.

 

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503 West 30th St. • Austin, Texas 78705

512.482.8651 • Fax 512.482.8656
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