Home Loan Application Checklist for Idaho Borrowers
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). | |||||||||||||
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Income & Assets |
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Pay stubs for the last 30 days. | |||||||||||||
For the past two years: | |||||||||||||
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Statements for each bank, mutual fund, and/or investment account for the last two months. | |||||||||||||
Estimated value of personal property | |||||||||||||
If you have made any large deposits to your accounts: | |||||||||||||
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If you own more than 25% of a business: | |||||||||||||
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If self-employed: | |||||||||||||
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If you own rental property: | |||||||||||||
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If you are retired: | |||||||||||||
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If you receive Social Security: | |||||||||||||
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If you are counting child support as income: | |||||||||||||
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Debts |
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Names, addresses, account numbers, balances and monthly payments on all current loans. | |||||||||||||
Explanation of credit report anomalies, including: | |||||||||||||
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Copy of DD Form 214, Report of Separation. | |||||||||||||
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Miscellaneous |
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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. |
If you are looking for a little more details about the documentation needed for applying for a mortgage go see our home loan application documentation breakdown article.
Visit dmgloans.com for more details or feel free to give us a call if you have questions we would be more than happy to answer them for you.