Items Needed for a Credit Application
Employment:
-
W-2s or tax returns for the past 2 years
-
Proof of Gross monthly income for past 30
days
-
Proof of pensions, retirement, disability or
Social Security
-
Proof of income from rentals, investments,
etc.
If Self-Employed:
-
Two years 1040 Tax Returns, all schedules
-
Current year-to-date profit and loss statement
Creditors:
-
Each creditor's name, address, type of account,
and
account numbers
-
Monthly payments and approximate balances
-
Amount of child care expenses (For VA loans
only)
Assets:
-
Two current consecutive months bank/asset
statements
(Checking, Savings, Money Market, Stocks, Bonds,
401K)
Miscellaneous:
-
Life insurance cash value (documented if used as
cash
down payment)
-
If applicant is selling a home - a copy of
sales
contract
-
Veterans - Certificate of Eligibility, Check to
pay
for appraisal fee & credit report
Realtor� will provide:
-
Copy of sales agreement
-
Copy of listing on property
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