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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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