Items needed in support of a loan application:


Personal Information:

  • Completed Loan Application
  • Complete Tax Returns for the previous two (2) years
  • Pay-stubs for the previous 60 day period
  • Complete Copies of the last two months of Bank Statements (all Bank Accounts)
  • Complete Copies of the last two months of Investment Statements
  • Paperwork showing Valuation of other Assets/Property to be used for approval of loan
  • Recent Liability Account Statements (if amount outstanding is significantly different than amounts shown on Credit Report)
  • Copy of “Green Card” or other document of any borrowers who are not US Citizens
  • Copy of Driver’s License of all borrowers (to prove residency)
  • Copy of Purchase Contract (if purchasing property) or Current Mortgage Statement (if refinancing)
  • Information on Bankruptcy or Foreclosure shown on Credit Report (written explanation for cause, and how situation has changed)
  • Copy of Divorce Decree (if applicable)
  • Documents showing other sources of income (if applicable)
  • Other as determined by borrowers specific situation

Business Information (if applicable):

  • YTD Financial Statements (Profit & Loss Statement & Balance Sheet)
  • Complete Business Tax Returns for the previous two (2) years
  • Business By-Laws & Operating Agreements
  • Articles of Incorporation
  • Other as determined by borrowers specific situation

For more information, contact out knowledgeable brokers at Loan People USA.

Note


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