Margaryta Booth Principal Broker

King Neptune Statue on the Boardwalk in Virginia Beach

Loan Application Checklist

Loan Application Checklist will help you in your steps of getting financing for home purchase

At Pink Pearl Real Estate we believe it is easier to follow a checklist when trying to complete the loan application process.  Missing information will slow down the approval process and cause unnecessary set backs.  Please use the Pink Pearl Real estate checklist below to help you through the loan application.

  • Use the following check list to be sure that you take everything you may need to help make your loan application an easy, hassle-free experience:Loan Checklist
  • Purchase Contract (for your new home)
  • Sales Contract (if you are selling you present home)
  • All original pay stubs for the last 30 days (showing year-to-date earnings, name, Social Security Number)
  • Original Copies of your most recent 2 years W-2s
  • If you have a rental property, provide your most recent 2 years tax returns with all schedules and current rental agreement
  • If you are self-employed or receive 1099, provide your most recent 2 years tax returns with all schedules and a year-to-date profit and loss statement and balance sheet
  • If you own 25% or more of your corporation, provide the most recent 2 years corporate tax returns with all schedules and a year-to-date profit and loss statement and balance sheet
  • If you are commissioned, provide your most recent 2 years tax returns with all schedules and a year-to-date employee business expenses
  • Information on residence history (for the past 2 years)
  • Information on all outstanding loans and credit cards
  • Original of the last 3 months’ bank statements for all accounts
  • Information on the Real Estate you currently own
  • Information about your personal property you own
  • Check for appraisal and credit report fees
  • Certified copy of the closing statement (if you have already sold your home)
  • If a divorce is involved, all papers including marital termination agreement & final decree (signed by court)
  • Copy of the driver’s license and social security card (FHA loans only)
  • Original certificate of eligibility and DD214 (VA loans only)
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