What you need to get ready before applying for a mortgage loan – SkiHawk Mortgage Team

Loan Application Checklist

In general, the documentation you will need includes:

Property Information (if you already have a contract on a house)

Purchase Agreement.

Contact Information for Your Real Estate Agent.

If you are selling your current home, copy of listing contract.

If you have sold your current home, copy of settlement statement (HUD-1).

Income & Assets

Pay stubs for the last 30 days.

For the past two years:

	Names and addresses of each employer.
	W-2s

Statements for each bank, mutual fund, and/or investment account for the last two months.

If you have made any large deposits to your accounts:

Explanation and source for deposit.

If large deposit was a gift:

	Signed gift letter (lender can supply).
	Copy of gift check.
	Copy of deposit receipt.

If you own more than 25% of a business:

Corporate or partnership tax returns.

If self-employed:

	Tax returns for the last two years. Page 1 & 2 of 1040, Schedule A & C, K-1's
	Year-to-Date Profit and Loss Statement prepared by an accountant.

If you own rental property:

Tax returns for the last two years and current rental agreements. Page 1 & 2 of 1040, Schedule A & E

If you are retired:

Pension Award Letter.

If you receive Social Security:

Social Security Award Letter of Bank Statments showing deposit for past 3 months.

If you are counting child support as income:

	Copy of divorce settlement with settlement agreement.
	Proof of payment for past 3 months (checks or statement)

Debts

Names, balances and monthly payments on all current debts.

Explanation of credit report anomalies, including:

	Late payments, credit inquiries in the last 90 days, charge-offs, collections, judgments and/or liens.
	Bankruptcy filed within last seven years (bring a copy of your bankruptcy papers).

VA Loans

Copy of DD Form 214 if discharged from service.

Miscellaneous

Photo ID and proof of Social Security number.

Residence addresses for the past two years.

If applicable, a copy of your divorce decree.

Refinance loans, a copy of your current mortgage note.

Check for appraisal & credit report.

License Information: Colorado LMB100008273 / LMB100008262
NMLS 235299 / NMLS 235232 / Universal Lending Corp NMLS 2996
Check Your Loan Officer License Status at Colorado Division of Real Estate

SkiHawk Mortgage Team 2120 Hollow Brook Drive Suite 202 Colorado Springs, CO 80918

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