Commonwealth

Mortgage

This checklist will be needed with your loan application pre-approval request. By submitting the following documentation with your loan request, you will save valuable time in processing your loan. Many of these documents can be faxed or emailed—Ask your loan professional.

 

Loan Application Checklist

 

1. Personal Data- photo identification card and security card.

2. Address History– Most recent 2 years.

3. Assets– Need name, address, account numbers, balances and copy of most recent statements on all bank accounts (3 months).

4. Debts– Need name, addresses, account numbers, balances, and amount of monthly payments on all auto loans, notes to bank and active credit cards.

5. Other Obligations– Child support/copy of divorce decree/child care if applicable.

6. Employment history– Past two years of employment history needed with complete names and addresses of employers. Need most recent paycheck stub and past two years’ W-2 forms. ●Self-employment and Straight Commission– need past two years signed complete federal income tax returns including all schedules and year-to-date profit-and-loss.

7. Other Income– Child support– copy of court history or cancelled checks for past 12 months. Rent income– copy of lease agreement.

8. Legal Documents– Bankruptcy– copy of discard and schedule of debts and assets. Judgments– need release of judgment.

9. Veterans Only– Certificate of eligibility, DD214 (discharge papers), original pay-stub.

 

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