Have These Items Ready When You Apply For a Loan
The following are items that may be required for most standardized loans. Items needed my differ according to the lender and the loan.

Income Items

• W2 forms for the last two years
• Pay stubs covering a 30 day period
• Federal tax returns (1040's) for the last two years, if:
• you are self-employed
• earn more than 25% of your income from commissions or bonuses
• own rental property
• or are in a career where you are likely to take non-reimbursed business expenses
• Year-to-Date Profit and Loss Statement (for self employed)
• Corporate or partnership tax returns (if applicable)
• Pension Award letter (for retired individuals)
• Social Security Award letters (for those on Social Security)

Asset Items

• Bank statements for previous two months (sometimes three) on all accounts. All pages.
• Statements for two months on all stocks, mutual funds, bonds, etc, etc.
• Copy of latest 401K statement (or other retirement assets)
• Explanations for any large deposits and source of those funds
• Copy of HUD1 Settlement Statement on recent sales of homes
• Copy of Estimated HUD1 Settlement Statement if a previous home is for sale, but not yet closed
• Gift letter (if some of the funds come as a gift from a family member)
• Gifts can also require:
• Verification of donor's ability to make the gift (bank statement)
• Copy of the check used to make the gift
• Copy of the deposit receipt showing the funds deposited into bank account or escrow

Credit Items

• Landlord's name, address, and phone number (for verification of rental)
• Explanations for any of the following items which may appear on your credit report:
• Late payments
• Credit inquiries in the last 90 days
• Charge-offs
• Collections
• Judgments
• Liens
• Copy of bankruptcy papers if you have filed bankruptcy within the last seven years

Other

• Copy of purchase agreement (if you have already made an offer)
• To document receipt of child support (if you desire to show it as income)
• Copy of Divorce Settlement (to show the amount)
• Copies of twelve months canceled checks to document actual receipt of fund

FHA Loans

• Copy of Social Security Card (or other documentation of social security number)
• Copy of Driver's license

VA Loans

• Copy of DD214

Refinances

• Copy of Note on existing loan
• Copy of HUD1 Settlement Statement on existing loan
• Name, address, phone number, loan number of existing loan/lender

Re/Max Traditions, Inc. • 2204 18th Ave • Longmont Co. 80501
E-mail: dianedekrey@msn.com
Cell: 303-588-4073 • Office: 303-684-6304