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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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