Preparing for the Lender

Preparing for the Lender

Personal Information

  • Full names of all purchasers as they are to appear on title.
  • Social security numbers of all purchasers.
  • Present residence address for all purchasers.
  • Previous address for all purchasers going back two years if they have not resided in the present home for two years.
  • Home, office, cell phone numbers.

Employment Information

  • Present Employer: Name, address and a contact person to send employment verification form.
  • Explanation for any gap during 2-year history.
  • Relocation letter for any transferees – giving date, salary, new location, and any relocation benefits.
  • Previous Employer: Name, address, and a contact person, going back 2 years if not in present job 2 full years.
  • Present Salary: Year to date pay stub and last 2 years’ W-2s
  • If any variable income, commission, part-time income, bonus, overtime, interest income, etc., is being used to qualify: 2 years signed federal tax returns and W-2s and/or 1099s.
  • If self-employed: 2 years signed federal individual and corporate returns (if applicable). Also, a profit and loss statement and balance sheet.
  • Diploma or transcript if student during 2-year period…

Other Income

  • Rental Income: Copy of lease which is current and at least one year in length.
  • Alimony and Child Support (only if used for qualification): Copy of divorce decree and property settlement (ratified) setting out terms. Proof of payment will also be requested at application.
  • Income from Notes Held: A copy of the ratified note.
  • Retirement, Social Security and Disability Income: Copy of award letter and latest check showing amount of present payment. Copy of end of year statement if applicable.


  • Bank Accounts: Name of bank, address, account numbers, types of accounts, and present balances. With checking, use average balances.
  • Copy of two most recent statements of all accounts.
  • Stocks and Bonds: Copy of certificates or copy of recent (within 30 days) broker statement listing the holdings.
  • Life Insurance: Cash value, only if being used for down payment.
  • Vehicles: Year, make, and value. Copy of title if under 4 years old with no outstanding lien.
  • Real Estate: Address and market value. If free and clear, deed of release, deed or mortgage payoff.
  • Present Home: Copy of sales contract, settlement sheet and/or lease.
  • Gift Letter: Form will be provided by financial representative. Donor Capacity must be verified. Receipt of funds must be shown in account.


  • Credit Cards: Account numbers and outstanding balances.
  • Loans (Auto, Mortgage, Personal, Student, etc.): Name of institution, address, account numbers, outstanding balances, monthly payments, months left on loan. Copy of next payment coupon. 12months’ statements or canceled checks for present mortgage.
  • Alimony and Child Support: Copy of Ratified Decree and property settlement setting out terms.

VA Loans

  • Certificate of Eligibility: To obtain certificate, you will need a DD-214 (Separation of Service) or if in the Service, you will need a Statement of Service signed by Commanding Officer of Personnel Officer (certificate must be updated prior to application).
  • If in service, you will need Authorization to Live Off Base (DD-1717 from Housing Office) and Transfer Orders (if applicable).