Depending upon what loan program you choose, documentation will be required to process and underwrite your loan. Here are the categorized requirements for your convenience.

Income Documentation

Last 2 months bank statements - all pages. Last quarter investment or trust accounts. Copies of stocks, bonds, or US savings bonds. Current statement for 401(k) or IRA accounts Real. Estate you now own: address, current value, loan balance, monthly payment, and rental income if any. Listing agreement and sales contract if selling your current home. Value of autos, boats and any other personal property.

Liability Information

Complete list of current debts and minimum monthly payments (may be taken from credit report). Last 12 months cancelled checks (front and back) for rent or land contract.

Home Information

Copy of your purchase and sales agreement. Copy of the MLS listing card.

Miscellaneous Information which may be required

College diploma if graduated within last two years. Copy of Drivers License or picture ID at closing. Gift letter signed by donor and proof of receipt. Landlords contact information. Copy of your earnest money deposit check. Contact name and phone for appraisers access to property. Your Realtor's contact information.

As an alternative to the above requirements, you may qualify for either a limited or no documentation loan .