Global Home Finance Inc. developed this checklist as a guide to help the loan process as simple as possible. Please contact us if you have any questions.
Social Security Number + Copy
Driver’s license or other photo ID Copy (ex. Passport, Green Card)
Home address (es) for the past two years (plus landlord’s information if renting)
Employment / Income
W-2’s from all employers and 1040 personal tax returns for the last two years
Employment information for the past two years, including employer, job title, tenure, and employer’s address
Paycheck stubs for the last 30 days (salaried/wage-earning employees)
If self-employed or commissioned: 1) Business tax returns with schedules for the last two years, 2) year-to-date profit and loss statement and balance sheets; 3) canceled checks for 12 months on any debts paid by the business on credit; 4) Copy of current Doing Business As (DBA) or other business license showing two year of business operations (a CPA letter will also work)
Social Security or retirement benefit award letters (SSA-1099 or SSA-1042S), two most recent bank statement (all pages) showing deposits of retirement/SSI income)
Veterans: Certificate of Eligibility
Copy of divorce decree and proof of child support payments/income if it is to be considered as part of income for credit purposes (if applicable/full copy)
Assets / Bank Statements
Most recent (2 months) statements from all banks and other financial institutions. Include all statement pages.
Quarterly statements of 401K, IRA, stocks, bonds, securities, and other accounts
Address of Real Estate Owned (REO) requires mortgage statements, homeowners insurance, property tax statements, HOA statements, previous closing disclosures for all properties owned.
Credit History Information
Renters: Canceled checks or a management company letter may be required.
Copy of bankruptcy proceedings, if applicable
Letter of Explanation for past derogatory credit, if applicable
Purchase Property Information
Sales contract with addendum, the Executed TREC Purchase Agreement/Builder’s Contract
Homeowners Association dues, if applicable
Agent’s contact information for homeowner’s insurance
Verification of down payment source(s)
Most recent mortgage statement
Copy of the Closing Disclosure or Settlement Statement from the purchase or last refinance of subject property
Copy of Note (Adjustable Rate Note/Fixed Rate Note)–All pages from last purchase or refinance
Copy of Homeowner’s Insurance Declarations Page (HOI or EOI)
If refinancing to pay for home improvements: Include contract with builder, materials list and house plans
Authorization for Credit Check
Consent for Credit Check
All loan application programs are subject to underwriting terms and conditions. The above information is usually required by your lender for EACH borrower listed on the loan application. This is a general checklist and is meant to be a guide, not a definitive list. Additional information may be required. Texas, Florida, and New Mexico may also require previous survey.