WHAT TO START COLLECTING BEFORE YOU APPLY FOR A LOAN

Lenders require a lot of documentation so it is a good idea to start collecting some of the things you will need to bring to your loan application before hand. To save time and frustration during your loan process, start gathering all the documentation listed below as soon as possible.

1. For Your Residence History:
   1. Your previous addresses for the last 2 years and how long you lived in each place
   2. If you rent, your landlord's name and phone numbers for all residences above
2. For Your Employment History:
   1. The names and addresses for all your employers for the last 2 years
   2. The dates you worked at each place of employment
   3. A letter explaining any gaps in employment in the last 2 years
   4. Copy of your most recent pay stubs for the last 30 days
   5. Most recent 2 years W-2s
   6. Most recent 2 years of Tax Returns and all schedules
   7. Year-to-date profit and loss statement and balance sheet (if self-employed)
   8. Transcript or diploma is you were a student during the last 2 years
   9. Award letter and copy of most recent check for retirement, Social Security, or disability income
3. For All Outstanding Loans and Credit Cards:
   1. Coupon book or most recent statement for every account
4. For All Savings, Checking, or Investment Accounts:
   1. The name and address for each financial institution and the account number(s)
   2. The current balance or value
   3. 3 months bank statements on all accounts
   4. 3 months statements for any IRA's, Keogh’s, 401K's, or profit sharing
5. For Personal Property You Own:
   1. The net cash value of your life insurance
   2. The make, year, and value of your automobiles
6. For Real Estate You Currently Own:
   1. The property address
   2. The estimated market value, outstanding loan balance, and the amount of your monthly payment
   3. The amount of your monthly rental income (if applicable)