The Loan Application Checklist for Dean Slatev

"As a person Dean is a well polished individual with charm and class and as a business professional he is very knowledgeable extremely organzied showing great attention to detail and has great communication skills." Sherise Verhelst Escrow Officer at First American Title

Loan Application Checklist

In general, the documentation you will need includes:

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

Purchase Agreement.

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, addresses, phone numbers, dates from and to, and monthly income amount of each employer.
	W-2s

Two most recent statements (all pages) for each bank. Most recent quarterly statement for each retirement account, mutual fund, and/or investment account.

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) including source of gift.
	Copy of gift check.
	Deposit receipt.

If you own more than 25% of a business:

Two most recent years of corporate or partnership tax returns.

If self-employed:

	Last two years of tax returns (with schedules).
	Year-to-Date Profit and Loss Statement prepared by an accountant.

If you own rental property:

Last two years of tax returns (with schedules) 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:

	Divorce settlement.
	Twelve months of cancelled child support checks.

Debts

Names, addresses, account numbers, balances and monthly payments on all current loans (if not reporting correctly on credit bureaus).

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 (bankruptcy papers including the discharge).

VA Loans

DD Form 214, Report of Separation.

Miscellaneous

Photo ID and proof of Social Security number.

Residence addresses for the past two years.

If applicable, divorce decree.

If you are not a citizen, the front and back of your green card.

Homeowner's insurance declaration page with company and agent information including policy number and coverage limitations.