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Berkeley Real Estate Loans and Financing > Loan Application Checklist

Loan Application Checklist

The documentation you will need may include some or all of the following:

Property information (if you are in contract on a purchase):

  • Purchase Agreement
  • If you are selling your current home, copy of listing
  • If you have sold your current home, copy of settlement statement

Income and Assets:

  • Pay stubs for the last 30 days
  • Names and addresses of each employer for the last 2 years
  • W-2s for the last 2 years
  • 2 months statements for each bank, mutual fund and/or investment account listed on the loan application

If you have made any large deposits to your accounts:

  • Explanation of source for deposit
  • If deposit was a gift : Signed gift letter ( lender can supply form), copy of gift check if funds have been deposited, 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 two years, with all schedules (Federal only)
  • Year to date profit and loss

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 family support as income:

  • Copy of divorce decree and property settlement statement
  • Copy of twelve months cancelled support checks

Miscellaneous:

  • Photo ID and proof of Social Security number
  • Residence addresses for the last two years
  • If you are a permanent resident alien, copy of the front and back of your green card
  • Copy of twelve months cancelled support checks
 
  Contact Carol :: 510-908-4810 :: Email  

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