Wednesday, June 1, 2011

Loan Application Checklist

“Here is a document checklist for a loan application. Your lender should provide the exact list of documents needed but to ensure a smooth loan application, it pays to get your documentation in order before you apply:



1. W-2 forms for each person on the loan. You will also want to provide contact information to the person within your company who can verify your income.

2. Copy of the fully executed sales contract. To include contact information of both the buyer and seller’s agent

3. Copy of one month’s worth of pay stubs. If you are self employed, you’ll need to show profit and loss statements for the current year.

For the rest of the list click the link: Loan Application Checklist