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Document Checklist and Instructions
Dear Applicants,
I would like to take the opportunity to thank you for choosing HOME. We are looking forward to helping you with your financial needs.
The following documents are needed in order to process your loan, we would prefer all documents be scanned and emailed directly to the loan officer. Please choose the documents that apply to you.
1) Please provide a copy of the fully executed contract of sale for subject property.
2) Please provide a copy of the cancelled down payment check, along with the bank statement evidencing the withdrawal or a copy of the escrow letter from your attorney.
3) Please provide a letter from accountant stating the business name, address, and number of years you have been self-employed.
4) Please provide most recent year to date pay stubs covering one complete month.
5) Please provide a copy of your 2007 and 2008 Tax returns (or copy of extension letter & prior 2 year tax returns) and W-2s.
6) Please provide most recent bank statements (all pages, even if blank) for all
a. accounts listed on application covering a two month period. (Please provide b. documentation, where the monies came from, for any deposits over $5,000)
c. **Please note: computer generated printouts must contain your name, account number & 30 days of transactions, if this information is NOT on the printout, then the printout must be signed and stamped by the bank**
7) Please provide a copy of your current mortgage statement, lease agreement, tax bill and insurance certificate FOR ALL PROPERTIES YOU CURRENTLY OWN.
8) Please provide a copy of the Fully Executed Contract of Sale and/or listing for your current residence.
9) Please provide a copy of the HUD-1 Settlement Statement from sale of home once available.
10) Please provide documentation for all collections, tax liens and/or charge offs evidencing they have been paid in full. *Please note: Collections, Liens and Charge offs must be paid in full prior to or at closing*
11) Please provide a copy of the “mortgage note” for your current Home equity Line of Credit (you might need to request this from current lender)
12) Please provide copy of your divorce decree (if applicable)
13) Please provide a photocopy of your driver’s license and/or resident alien card for both borrowers (if applicable)
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