Things you will need for the mortgage loan application...

Things You Need to Apply for a Mortgage

Income Items

	W2 forms for the last two years
	Paycheck 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)

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 funds

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

CALL RANDY DURHAM (423) 593-2400

Send mail to randy@randydurham.com with questions, comments or requests for info.

Licensed in TN & GA (423) 664-1900