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What Documents Will I Need To Apply for a Mortgage?
- Appraisal
fee.
- Legible
sales contract signed by Buyers and Sellers.
- Social
Security number of all applicants.
- Complete
address for the past 2 years (including complete name and address of
landlords for past 24 months).
- Name,
address of all employers for past 24 months.
- Copies
of previous two years W-2 forms (or Form 1040).
- Copy
of most recent year-to-date pay stub.
- Name,
address, account number, monthly payment and current balance for:
installment loans, revolving charge accounts, student loans, mortgage
loans, and auto loans.
- Name,
address, account number, and balance of all deposit accounts, including:
checking accounts, savings accounts, stocks, bonds, etc.
- 60
day’s most recent statements for all accounts listed
above (deposit accounts, stocks, bonds, etc). With all
large deposits paper trailed (Large Deposits any deposit
that is greater your Monthly Income, or a deposit that
is not consistent.)
- Copy
of Divorce Decree with divorce statement (fully executed).
- Homeowners
Insurance.
If refinance:
- Deed
of subject property.
If you have filed bankruptcy in the last seven years:
- Credit
explanation letter for the past or present derogatory credit.
- Credit
explanation letter stating reason leading to Bankruptcy.
- Evidence
of excellent credit since the bankruptcy
If you choose to include income from Child Support/Alimony:
- Bring
copies of court records of cancelled checks showing receipt of payment.
If you are applying for a V.A. Loan:
- DD-214,
Certificate of Eligibility, or statement from your Commanding Officer if
you are on active duty.
If you are self-employed or paid by commission:
- Previous
two years Federal Income Tax Returns with all schedules
and a year-to-date profit and loss statement (Personal
and/or Business). Please provide a copy of your business
licence for past 2 years.
If you own other properties:
- Address
of properties and current market value.
- Any
debt owed on properties; Lender's name, address, account number, monthly
payment, and current balance.
- Copy
of previous two years Federal Income Tax Returns with all schedules.
If rented:
- Copy
of lease.
Penn
Funding Services, Inc
1051 County Line Road, Suite 104
Huntingdon Valley,
Pennsylvania 19006
Tel: 215-942-4030
Toll free: 1-866-3257366
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