What you need to get ready before applying for a mortgage loan – Ruoff Mortgage

Loan Application Checklist

In general, the documentation you will need includes:

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

Purchase Agreement. (Signed by all applicable parties)

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.

For the past two years:

	Names,addresses, and phone numbers of each employer.
	W-2s

Current Bank Statements for each account spanning 60 consecutive days. (online print-out is fine)

401K, Stock, Annuity, IRA, etc. Provide copy of most recent statment. (online print-out is fine)

If you have made any large recent deposits to your accounts that are to be used as down payment:

Explanation and source for deposit.

If large deposit was a gift:

	Signed gift letter (I can supply).
	Copy of gift check.

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.

Debts

Explanation of credit report anomalies, including:

	Late payments, charge-offs, collections, judgments and/or liens.
	Bankruptcy filed within last seven years (bring a copy of your bankruptcy papers).
	Foreclosure proceedings started within the last seven years (provide copy of sheriff's sale)

VA Loans

Copy of DD Form 214, Report of Separation.

Miscellaneous

Photo ID(s)

Residence addresses for the past two years.

If applicable, a copy of divorce decree.

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

Adresses, Current Approx. Value, Current Mortgage Balance on any other properties that you own.

Ruoff Mortgage 1110 E. Dupont Rd. Fort Wayne, IN 46825

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