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Borrower’s Checklist
DOCUMENTS TO GATHER
- Copy of the fully executed sales contract (a copy of plans and specifications for a construction loan)
- Copy of current driver’s license and social security card
- If a non-resident, copy of certificate of resident alien status (green card)
- Most recent income documentation for all parties – covering 30 days
- Bank statements for two most recent months (all pages)
- Completed tax returns from the last two years (all pages and schedules – signed)
- W2 from last two years
- Homeowners insurance agent’s name and contact information
- Contact information for employment verification
- Name and address of current landlord (if applicable)
- Most recent mortgage statement(s) (if applicable)
- Closing statements from sale of current property owned (if applicable)
- Proof of payment on all retained properties such as taxes, insurance, private mortgage insurance, and homeowner’s association dues (if applicable)
WHAT TO AVOID
- Applying for any new debt such as credit cards, automobiles, etc.
- Co-signing on another loan
- Allowing multiple lenders to run hard credit inquiries as this has the potential to damage your credit score
- Moving money around and between accounts
- Changing jobs
- Waiting until the last minute to select your homeowners insurance agent
WHAT TO DO
- Provide requested documentation as quickly as possible
- Return applicable signed disclosures as quickly as possible
- Be prepared to provide additional documentation, if requested during the process
- Rest assured, we are dedicated to keeping the process as hassle-free as possible
