What you need to get ready before applying for a mortgage loan – Envoy 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.

Envoy Mortgage Ltd. – Mortgage Banker Registration- #45300 COMPLAINTS REGARDING MORTGAGE BANKERS SHOULD BE SENT TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550.

THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF MORTGAGE BANKERS . A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEB SITE AT WWW.SML.TEXAS.GOV

17440 Dallas Parkway Suite 118 Dallas, TX 75287
Phone: Toll Free Phone: Fax:

Staff Profiles | Contact Our Branch | Your FICO score | Realtor Partners & Listings | Privacy Policy | Home Buyer Privileges | Testimonials | Commercial Mortgages | Protect Your Identity | Videos You Should See | Home Benefits Program | Homes for Sale | Career | FHA Loans | Jumbo Loans | 20 Day Close Promise | Seven Things Your Agent Should Know About Your Mortgage Approval | Streamlined 203K | Avoid foreclosure | Best Price Mortgage Promise | Rental Property Loans | Green Originator Award | Local Resources | Fannie Mae HomePath Mortgage | Shopping Rates | Texas Homestead Exemption | Tell a Friend | News | Real Estate Glossary | Home | Mortgage Saving Tips | Finance Agencies | Site Map | Apply Now | The Loan Process | Get Your Loan Faster! | Improve Your Credit Score | Should you buy points? | Getting Qualified | When to Refinance | What is a credit score? | Bi-weekly Pmt Calc | ARM Calc | APR Calc | Fixed Rate Mtg Calc | Mortgage Points Calc | 15 vs 30 Year Mtg Calc | Mtg Tax Savings Calc | Balloon Mortgage Calc | ARM vs Fixed Rate Calc | Mortgage Qualifier Calc | Required Income Calc | Maximum Mortgage Calc | Mortgage Payoff Calc | Rent vs Buy Calc | Refi Interest Savings Calc | Refi Breakeven Calc | Mortgage Calculators | Customer Login | Interest Only Calc | 9 Steps to Ownership | What is PMI? | VA Loans | Government Loan Programs | Buyer Don'ts | HUD-1 Settlement Statement | Are You Pre-Approved? | Reverse Mortgages | Shopping Settlement Costs | Mortgage Tuneup | Home Price Index | Daily Rate Lock Advisory | Blog Mortgage Update

Copyright © 2012 Envoy Mortgage
Portions Copyright © 2012 a la mode, inc.
Another XSite by a la mode, inc. | Terms of Use| Site Map