In
general, the documentation you will need includes:
Check
for application fee
Property
Information (if you already have a contract on
a house)
Purchase
Agreement.
Copy of
legal description and MLS sheet.
If
you are selling your current home, copy of listing
contract.
If you
have sold your current home, copy of settlement statement
(HUD-1).
Income & Assets
Pay
stubs for the last 30 days.
For
the past two years:
Names
and addresses of each employer.
W-2s
Statements
for each bank, mutual fund, and/or investment account
for the last three months.
Estimated
value of personal property and furniture.
If
you have made any large deposits to your accounts:
Explanation
and source for deposit.
If
large deposit was a gift:
Signed
gift letter (lender can supply).
Copy
of gift check.
Copy
of deposit receipt.
If you
own more than 25% of a business:
Corporate
or partnership tax returns.
If
self-employed:
Tax
returns for the last three years (with schedules).
Year-to-Date
Profit and Loss Statement prepared by an
accountant.
If
you own rental property:
Tax returns
for the last two years and current rental
agreements.
If
you are retired:
Pension Award
Letter.
If
you receive Social Security:
Social Security
Award Letter.
If
you are counting child support as income:
Copy of divorce
settlement.
Copy
of twelve months of cancelled child support
checks.
Debts
Names,
addresses, account numbers, balances and monthly
payments on all current loans.
Explanation
of credit report anomalies, including:
Late
payments, credit inquiries in the last 90
days, charge-offs, collections, judgments
and/or liens.
Bankruptcy
filed within last seven years (bring a copy
of your bankruptcy papers).
VA Loans
Copy of
DD Form 214, Report of Separation.
Miscellaneous
Photo ID
and proof of Social Security number.
Residence
addresses for the past two years.
If applicable,
a copy of your divorce decree.
If
you are not a citizen, a copy of the front and back
of your green card.
Copyright 09/02/10 NH HOME TEAM
Copyright
2010 Northern New England Real Estate Network, Inc. All rights reserved.
This information is deemed reliable but not guaranteed. The data relating
to real estate for sale on this web site comes in part from the IDX
Program of NNEREN. Data last updated
September 2nd, 2010
