Loan Checklist

Questions? Call 877-647-6203

LENDERS MUST VERIFY BORROWER INCOME, ASSETS AND CREDIT HISTORY BEFORE THEY WILL CLOSE A LOAN.  LOANS THAT CLOSE MOST QUICKLY ARE FROM BORROWERS WHO FAX US THE FOLLOWING COMPLETE AND READABLE DOCUMENTATION.

VERY IMPORTANT:  The following items are "critical" to your loan being completed in a timely manner.  Please provide the following items if they apply to you:

• MOST RECENT TWO YEARS FEDERAL INCOME TAXES, ALONG WITH ALL SUPPORTING DOCUMENTATION, E.G., 1099'S, W-2 FORM'S, ETC., FROM ALL BORROWERS.  BE SURE THAT INCOME TAXES ARE SIGNED AND DATED, (DUE TO THE FACT THAT  ELECTRONIC FILINGS ARE NOT SIGNED).

• IF RETIRED OR DISABLED SEND, PENSION, SOCIAL SECURITY, DISABILITY AWARD BENEFIT LETTERS FOR LAST TWO YEARS ALSO.

• PAY STUBS FOR MOST RECENT 30 - 60 DAY PERIOD FROM ALL BORROWERS.  (CONTINUE TO SAVE AND FORWARD ALL PAY STUBS UP UNTIL THE DAY OF THE LOAN CLOSING, AS THIS COULD PREVENT TAKING THE TIME NEEDED TO OBTAIN A VOE / VERIFICATION OF EMPLOYMENT).

• MOST RECENT (2 - 3 MONTHS) BANK STATEMENTS (ALL PAGES) FOR CHECKING, SAVINGS, MUTUAL FUNDS, OTHER RETIREMENT, STOCKS AND BONDS, ETC. (INTERNET STATEMENTS ARE NOT ACCEPTED).

• WE NEED THE NAME, ADDRESS, AND PHONE NUMBER OF YOUR CURRENT LENDER OR IF A RENTER, LANDLORD.  IF PRESENTLY A HOMEOWNER, WE NEED YOUR MOST RECENT MORTGAGE LOAN STATEMENT ALSO.

• FAX THE ABOVE ITEMS WITHIN 2 DAYS TO 775-458-6913 or 608-647-6204.  FAX OR MAIL THE FOLLOWING APPLICABLE ITEMS WITHIN 7 DAYS. THE SOONER WE RECEIVE YOUR DOCUMENTATION THE SOONER YOUR LOAN WILL CLOSE.

• YOU WILL NEED TO PROVIDE THE NAME AND PHONE NUMBER OF YOUR DESIGNATED HOMEOWNERS INSURANCE AGENT, ALONG WITH THE (DECK PAGE) DECLARATIONS PAGE OF YOUR HOMEOWNERS INSURANCE POLICY.

• IF SELF EMPLOYED OR RECEIVE COMMISSION INCOME - WE ABSOLUTELY NEED YOUR FEDERAL TAX RETURNS FOR THE PREVIOUS 2 YEARS, AGAIN, BE SURE THEY ARE SIGNED AND DATED.

• IF APPLICABLE:  (FOR REFINANCES ONLY) REAL-STATE PROPERTY TAX BILL FROM EXISTING, SUBJECT, REAL-ESTATE PROPERTY.

• IF APPLICABLE:  WE NEED A COMPLETE COPY OF BANKRUPTCY DISCHARGE PAPERS INCLUDING LIST OF CREDITORS.  DISCHARGE PAPERS USUALLY RUN 30-40 PAGES LONG.  IF YOU DO NOT HAVE THEM, CONTACT THE COURTHOUSE WHERE THE BANKRUPTCY WAS FILED.

• IF APPLICABLE:  IF YOUR CREDIT HISTORY REPORTS OPEN COLLECTIONS, LIENS OR JUDGMENTS, WE MUST HAVE PROOF THAT THEY HAVE BEEN RESOLVED.  PROOF CONSISTS OF A LETTER FROM THE CREDITOR STATING THE SPECIFIC ACCOUNT WAS REPORTED IN ERROR AND/OR HAS BEEN FULLY SETTLED, SATISFIED, AND SHOWS A ZERO BALANCE.  IF YOU NEED HELP WITH CREDIT REPAIR AND IMPROVEMENT, PLEASE CONTACT ME.

• IF APPLICABLE:  DIVORCE DECREE AND / OR SEPARATION AGREEMENT.

• IF APPLICABLE:  PROOF OF CHILD SUPPORT FOR THE PAST 12 MONTHS.  NEEDED: COURTHOUSE PRINTOUT OR COPIES, FRONT AND BACK, OF CANCELED CHECKS.

• IF APPLICABLE:  LETTER OF EXPLANATION FOR ANY GAP IN EMPLOYMENT, GREATER THAN TWO MONTHS IN THE PAST THREE YEARS.

• VETERANS APPLYING FOR VA LOAN - CERTIFICATE OF ELIGIBILITY AND DD214 DISCHARGE PAPERS.

• LEASE AGREEMENTS ON RENTAL PROPERTIES.

• DUE TO THE NEW PATRIOT ACT, WE WILL NEED A PHOTO COPY OF EACH SIGNOR'S DRIVER'S LICENSE, SOCIAL SECURITY CARD, OR OTHER POSITIVE FORM OF IDENTIFICATION.

• REFINANCES ONLY:  IF AVAILABLE, MOST RECENT COPY OF APPRAISAL DONE IN THE PAST TWO YEARS.

• REFINANCES ONLY:  IF AVAILABLE, MOST RECENT COPY OF TITLE WORK, TITLE SEARCH, TITLE INSURANCE POLICY, ETC.

• IF APPLICABLE:  NAME AND PHONE NUMBER OF PREFERRED APPRAISER.

• IF APPLICABLE: NAME AND PHONE NUMBER OF PREFERRED TITLE COMPANY.

• PURCHASES:  OFFER TO PURCHASE, CONDITION REPORT, EARNEST MONEY RECEIPT IF APPLICABLE, COPY OF CANCELLED CHECK OR MONEY ORDER RECEIPT, ETC.