Loan Checklist

• Document Checklist and Instructions

  A properly documented loan application makes your loan process go smoothly. This checklist will help you gather your paperwork.  (Note: when sending documents, please provide copies of all requested documents. Do not provide original documents.) 

  Any question -- simply call us 888.864.3856.
  

  1. Complete and sign the residential loan application, Form 1003, and the attached loan info sheet, credit authorization and fair lending notice. Page 4 of the application is a continuation page in case you need additional space for your assets or liabilities. If you make a mistake while filling out the application cross it out, and make a change. Do NOT use whiteout.
  2. If you are salaried: provide W-2's and 1040s for the past two years and one month of paystubs. If you are self-employed, please call me and we can discuss your specific situation.
  3. A check made out to Classic Mortgage in the amount of $395 for the application fee.
  4. Bank Statements, Brokerage Statements, Retirement Accounts (401k/IRA) - most recent 2 months (or if quaterly - last quater) - All pages.  If there are special considerations regarding the assets, please call me and we can discuss what is required.
  5. If you are purchasing property, please provide the following:
     1. Name and phone number of Attorney
     2. Name and phone number of Realtor
     3. Estimated date for your closing
     4. A copy of the contract of sale
  6. If you are self-employed please provide your CPA's name and phone number
  7. If the property is a Condo or Coop, please provide the Managing Agent's contact information (phone number and contact name)
  8. A copy of your Drivers License (for both borrower and co-borrower)
  9. Contact name and phone number for the person/firm who you currently rent from and from whom you have rented for the past 2+ years, or copies (front and back) of rent checks for the past 12 months.
  10. If applicable, provide a copy of your divorce decree and settlement agreement.
  11. If you are NOT a US citizen, provide a copy of your green card (front & back). If you are NOT a permanent resident provide a copy of your H-1 or L-1 visa.
  12. If any borrower has filed bankruptcy, provide the Discharge Notice, Filing and Schedule of Creditors