Although your loan will require documentation specific to you, this general list will provide you with a basic checklist of items to gather. Please fax these items to your loan officer or processor as quickly as possible to begin the submission process.
Property Information:
Copy of your existing home's survey (if you're doing a refinance).
Purchase Agreement (if you already have a contract on a house).
If you are selling your current home, copy of listing contract.
If you have recently 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.
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 two years (with schedules).
Year-to-Date Profit and Loss Statement.
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
Explanation of credit report anomalies, including: Late payments, credit inquiries in the last 90 days, charge-offs, collections, judgments and/or liens.
Miscellaneous
Photo ID and proof of Social Security number.
Residence addresses for the past two years. If you have rented in the past 2 years, provide name and phone number of landlord or management company.
Name and phone number of your homeowner's insurance agent.
If you are not a citizen, a copy of the front and back of your green card.
Check for $700 payable to Heritage Lending, which covers Appraisal ($325), Credit Report ($50), and Processing ($325). You can discuss with your loan officer the possibility of including these fees in your closing costs.
Heritage Lending Corporation 2800 North Dallas Parkway # 110 Plano, TX 75093