What you need to get ready before applying for a mortgage loan – Summit Home Loans

Loan Application Checklist

In general, the documentation you will need includes:

Check to order appraisal $250.00 made out to Summit Home Loans and due once home inspection is complete and satisfactory.

Property Information (if you already have a contract on a house)

Purchase Agreement.

If you are selling your current home, copy of listing contract.

If you have sold your current home, copy of settlement statement (HUD-1).

Income & Assets

Pay stubs for the last 30 days.

W-2's for 2005 & 2006

Statements for each bank, mutual fund, and/or investment account for the last two months.

If you own more than 25% of a business:

Corporate or partnership tax returns.

If self-employed:

	Tax returns for the last three years (with schedules).
	Year-to-Date Profit and Loss Statement prepared by an accountant.

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 child support as income:

	Copy of divorce settlement.
	Copy of twelve months of cancelled child support checks.

VA Loans

Copy of DD Form 214, Report of Separation.

Miscellaneous

If applicable, a copy of your divorce decree.

If you are not a citizen, a copy of the front and back of your green card.

Summit Home Loans 9825 Kenwood Rd. Ste 201 Cincinnati, OH 45242

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