What Do I Need To Apply?

Here is a checklist of possible documents you might need to complete your home loan.

This handy form will help you get the necessary form and documents that are most often needed when apply for a loan. By making sure that you have these items on hand when you go to apply for a loan you greatly decrease the time it takes to get you the money you need.

Completed Loan Application
Signed and dated by all loan applicants

Income Documents
For Hourly or Salaried Employment: 
Original W-2 for the past year AND
Original paycheck stub showing year-to-date income (within last 60 days)
For Self-Employment, Sole Proprietor: 
Complete copy of previous year's federal tax return
Copy of year-to-date Profit and Loss statement
For Self-Employment, Corporation: 
Copy of Form 1120 for previous year
Copy of year-to-date Profit and Loss statement
Complete copy of federal tax return for previous year (including all schedules)
Original W-2 for the past year (if applicable)
Original paycheck stub showing year-to-date income (if applicable)

For Retirement Income: 
Original Social Security Award Letter or Pension Award Letter

For Rental Income: 
Copy of complete tax return for previous year (including Schedule E)
Copy of lease or rental agreement for all properties

Other Income
(You do not need to reveal alimony, child support, or separate maintenance income information unless you want it considered for qualification purposes): 
A 1-year history of receipt AND
A copy of the fully executed divorce decree, if applicable AND
Evidence of 1 full year of receipt of payments

Asset Documents
Originals of the two most recent account statements for all checking, savings or other asset accounts
Obligations (debts other than consumer credit accounts)
A copy of the fully executed divorce decree indicating the amount of child support, alimony or separate maintenance payments, if applicable

Property
For purchase loans a copy of the fully executed purchase contract

* Additional documents might be required.

Why do I offer this report free of charge?  I am offering this free of charge because I want to be your mortgage advisor.  I offer more than simply a loan, I'll personally advise you on how to use and apply the principles contained in this report.  I have a real estate broker license and appraiser's license so I am very knowledgeable of all parts of a real estate transaction.  Worried that you can't remember all of what is contained here?  Call me and I'll review your sales agreement before it is presented to the seller.  I want to earn your business.

Jeff Aafedt
Mortgage Lender
612.386.0232
jaafedt@trimortgage.com