What you need to get ready before applying for a mortgage loan – VITEK MORTGAGE

Loan Application Checklist

In general, the documentation you will need includes:

At VITEK Mortgage No application Fee is charged

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

Purchase Agreement.

Copy of MLS sheet or MLS Number.

If you are selling your current home, copy of listing contract.

If you have sold your current home, copy of settlement statement.

Income & Assets

Pay stubs for the last 30 days.

For the past two years:

	Names and addresses of each employer.
	W-2s & Federal Tax Returns last 2 years (3 if 1st time buyer)

Statements for each bank, mutual fund, and/or investment account for the last 30 days or Quarter..

Estimated value of personal property and furniture.

If you have EXTRA non paycheck 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.

Not all of the above items will apply to every transaction. If you think that your application is subject to these items, then it will save time to get them ready. When we review your transaction, I will advise you as to what will be needed and explain why they are necessary.

VITEK Mortgage Group is licensed by the Department of Corporations under the California Residential Mortgage Lending Act.

Ingrid Pierson: Licensed - NMLS # 233666

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VITEK MORTGAGE GROUP-NMLS233666

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