In general, the documentation you will need includes:
Check for application fee
Property Information (if you already have a contract on a house)
Purchase Agreement.
Copy of legal
description and MLS sheet.
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 three months.
Estimated value of personal property and furniture.
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 three years (with schedules).
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.
If you are retired:
Pension Award Letter.
If you receive Social Security:
Social Security Award
Letter.
If you are counting child support as income:
Copy of divorce
settlement.
Copy of
twelve months of cancelled child support checks.
Debts
Names, addresses, account numbers, balances and monthly payments on all
current loans.
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, Report of Separation.
Miscellaneous
Photo ID and
proof of Social Security number.
Residence addresses for the past two years.
If applicable,
a copy of your divorce decree.
If you are not a citizen, a copy of the front and back of your green card.
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