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Mortgage Loan Checklist
After completing a loan application online it is important that you collect your personal documentation that you can see below on the loan checklist. As a Nationwide lender we provide mortgage assistance to make the home loan process easier. Conventional, jumbo and FHA requirements have changed so talk with your loan officer about pre-qualification criteria. FHA loan limits vary significant across the country. FHA has various loan amount restrictions by county, so check with HUD for 2010 loan limits. Completed
Loan Application
Signed and dated by all loan applicants Income
Documents For Hourly or Salaried Employment: Original W-2 for the past
year AND Original paycheck stub showing year-to-date income (within
last 60 days) For
Self-Employment, Sole Proprietor: Complete copy of previous year's federal
tax return Copy of year-to-date Profit and Loss statement For
Self-Employment, Corporation: Copy of Form 1120 for previous year
Copy of year-to-date Profit and Loss statement Complete
copy of federal tax return for previous year (including all schedules)
Original W-2 for the past year (if applicable) Original paycheck
stub showing year-to-date income (if applicable) For
Retirement Income: Original Social Security Award Letter or Pension Award
Letter For
Rental Income: Copy of complete tax return for previous year (including
Schedule E) Copy of lease or rental agreement for all properties
Other
Income (For child support, alimony or separate maintenance, provide): A
1-year history of receipt AND A copy of the fully executed divorce
decree, if applicable AND Evidence of 1 full year of receipt of payments
Asset
Documents Originals of the two most recent account statements for
all checking, savings or other asset accounts Obligations
(debts other than consumer credit accounts) A copy of the fully
executed divorce decree indicating the amount of child support, alimony or separate
maintenance payments, if applicable Property
For purchase loans A copy of the fully executed purchase contract
Additional
documents might be required.
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