What you need to get ready before applying for a mortgage loan – Blue Skye Lending

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, addresses and phone number of each employer.

W-2s

Tax returns for last 2 years (all pages) - please sign

Complete 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 a business:

Corporate or partnership tax returns (including K-1's).

If self-employed:

	Tax returns for the last three years (with schedules).
	Most current Year-to-Date Profit and Loss Statement prepared by an accountant.

If you own rental property:

Current lease 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 decree and settlement agreement.
	Copy of twelve months of cancelled child support checks.

Debts

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 ten years (bring a copy of your bankruptcy discharge and schedules of debtors papers).

VA Loans

Copy of DD Form 214, Report of Separation.

Miscellaneous

Copy of Photo ID and copy of Social Security number.

Residence addresses for the past two years & landlord address.

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.

Blue Skye Lending 8130 Lakewood Main Street Lakewood Ranch, Florida 34202

Phone: Cell: Fax: