Loan Document Checklist
Home financing doesn’t have to be a complex process. With a little preparation, you can save a great deal of time and hassle by having all of your documents ready for when your American United Lending professional needs them.
Here is a list of the most common documents required.
Clear copies of:
Pay Stubs — previous paystubs to cover the most recent 30 days
W-2’s for the past two years
Federal Income Tax Returns for the past two years – all pages and schedules
Bank/Asset Statements —please provide two months of statements for all assets to be claimed on the Loan Application. These may include checking, savings, CD’s, 401K, stocks, bonds, and mutual funds. Please send all pages of each statement, even if blank. Note that if using online statements, your full name and account number must appear on the printout.
Driver’s License – The Patriot Act requires this information
Divorce Decree —if you have been divorced in the last seven years, please provide a copy of your divorce decree with Separation Agreement. All pages are required.
If Purchasing:
Contract —if you have a contract to purchase a new home, please provide all pages of a signed and dated contract.
If Refinancing:
Monthly Mortgage Statement —this gives us easy access to important information about your current mortgage in order to obtain a loan payoff. Please remember to include any 2nd mortgages or Home Equity Line statements, if applicable.
Home Insurance – please provide a copy of your insurance declaration page that shows the amount of coverage, your insurance agents contact information and the annual premium. This may not be applicable if refinancing a condominium.
If Self-Employed (owning more than 25% of a business)
K-1’s for the past two years ( applicable for S-corps, Partnerships and LLC’s )
Please keep in mind that some of the information requested above may or may not apply to you. If you have any questions and/or having trouble locating some of the information requested, please don’t hesitate to contact your American United Lending Professional for assistance.
