Getting Organized

Your Practical Application Checklist

What you’ll need to get the process rolling:

  • Contact information for each borrower
  • Historical address information (two years)
  • Employment history (two years)
  • Copies of last two years of W-2’s and/or 1099’s
  • Most current statements for all asset accounts (including numbers/balances)
  • List of monthly credit payments (creditor, account number, balance and payment)
  • Copy of most recent pay stubs for each borrower
  • Copy of most recent mortgage statement
  • Purchase agreement (if applicable)
  • Payment for credit report and appraisal fees

Other information you may need:

  • Divorce decree and/or bankruptcy papers (if applicable)
  • Student transcripts
  • If self-employed or commission-based, two years of income tax returns