Loan Checklist


Eyal Tropen - Sr. Loan Officer

NMLS # 874253/1055557

HOW TO PREPARE FOR A NEW MORTGAGE

Here is a list of the most common supporting documents to complete an application file. Some of it may not apply to you, but depending on your specific scenario, these and other documents may be requested by me or by the underwriter.

If you are purchasing a new home, you are not REQUIRED to provide any of these documents before going under contract and turning your pre-qualification request to a loan application. However, if you are interested in a full pre-approval - you can voluntarily provide all the documents we request, so that we can fully verify the information you provided.

Identification

  •  For non-US Citizens - Immigration Visa/Green Card

Current Bank Statements (all pages x 2 months)

  • Checking and Savings statements
  • Stocks, Funds, Securities, Money Markets & CDs Statements
  • 401K/IRA including terms of Withdrawal (If used for reserve)

Income/Employment (please sign where applicable)

  • Complete 2 year employment history (in application)
  • Paystubs covering at least 30 most recent days
  • Retirement/Social Security income (if applicable)
  • W2 and/or 1099 forms (2 years)
  • Federal Tax Returns with all schedules (2 years)

If Self Employed:

  • Business Tax Returns – (2 years)
  • YTD Profit & Loss Statement
  • Current Balance Sheet

Property

  • Mortgage Statement (i.e. 1st Mortgage, 2nd Mortgage, Home Equity Loan/Line of Credit) for all existing properties
  • Homeowners Hazard Insurance contact information or 1st page of policy (if known)
  • Homeowners’ Association Dues Statement (if relevant)

For investment property:

  • Lease agreement on all rental properties

Purchase

  • Purchase & Sale Agreement (all forms and addendums)

Special Circumstances (if applicable)

If Divorced:

  • Divorce decree (all pages)
  • Child Custody and Support Agreement (all pages)

If previous Bankruptcy, Deed in Liu, etc.

  • Bankruptcy Discharge papers

Letters of Explanation (LOX) for:

  • Additional Addresses on bank statements, tax forms, etc.

Military Members & Veterans:

  • Certificate of Eligibility
  • DD214

 



Copyright © 2017. Eyal Tropen NMLS # 874253
American Pacific Mortgage | NMLS #1850
625 4th Avenue, Ste 200 Kirkland, WA 98033
Phone: 425-922-1055 | Fax: 855-549-8730 
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Master Builders Association
 

 

WA-MLO-874253, TX, OR, CA-DBO874253 | American Pacific Mortgage supports Equal Housing Opportunity. NMLS ID# 1850 (www.nmlsconsumeraccess.org) | APM is licensed by WA # CL-1850, OR ML-2338, TX SML-1850, and "Licensed by the Bureau of Real Estate, Broker #01215943". All loans subject to credit approval and property appraisal. Interest rates and products are subject to change without notice and may or may not be available at the time of loan commitment or lock-in. Borrowers must qualify at closing for all benefits. American Pacific Mortgage Corporate Office 3000 Lava Ridge Court, Suite 200, Roseville, CA 95661 | 916.960.1325