What you need to get ready before applying for a mortgage loan – BOB RUTLEDGE USA MORTGAGE – Loan App Checklist

Loan Application Checklist

In general, the documentation you will need includes:

Check for application fee

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

Purchase Agreement.

Copy of legal description and MLS sheet.

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

If you have sold your current home, copy of settlement statement (HUD-1).

Income & Assets

Pay stubs for the last 30 days.

For the past two years:

	Names and addresses of each employer.
	W-2s

Statements for each bank, mutual fund, and/or investment account for the last three months.

Estimated value of personal property and furniture.

If you have made any large 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.

THERE'S MORE, THERE'S ALWAYS MORE!

Thank you for visiting my website, I hope you found what you were looking for. I would appreciate the opportunity to earn the chance to become your loan officer when you purchase your next new home or refinance your current home.

Not all loan officers are the same and not all lenders are the same. I am certain you will not be disappointed if you provide me the time to prove I will be that one loan officer who will show you all your options, get you what you need and want, and if I cannot provide it all to you I will refer you to someone who can, when possible.

If you still have questions, if you want to discuss your situation, if you want to get started, what ever your need, you are always welcome to reach out to me. Please feel free to call or email me.

ASK ME ABOUT:

No Lender Closing Costs - 5% Down Payment Conventional with No Mortgage Insurance - Zero Down Payment - Down Payment Assistance Help - FHA 203k Renovation Mortgage - First Time Home Buyer Programs - USDA Rural Development

NMLS# 297044 State of Missouri# 1365-MLO

BOB RUTLEDGE USA MORTGAGE 12140 Woodcrest Executive Drive Suite 150 Saint Louis, MO 63141

Phone: Cell:

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