Home Loan Application Requirements
Many documents are required for the home loan process. Rodney Anderson’s mission is to streamline the documentation process as much as possible, while providing a well documented loan package for our investors.
Please review the list below and gather the documents indicated. Once you have your paperwork in order, the loan application process will move more quickly. Contact a Rodney Anderson specialist if you have any questions.
We look forward to continuing the mortgage loan process with you!
Documentation needed for all conventional loans
- Pay stubs for the most recent 30-day period.
- W-2 forms for the last two years.
- If you’re self-employed or more than 25% of your income is bonus, overtime, or commission, gather tax returns for the past 2 yrs.
- Documentation on any other income you wish to have considered, such as part-time income, rental income, alimony, child support, etc.
- Employment history for the last two full years
- Three months consecutive financial statements on all asset accounts (all pages); checking, savings, CDs, stocks, mutual funds, 401-K, etc. (If statements are quarterly, then provide the most recent statement.)
- General value of other assets such as cars, personal property, insurance, etc.
- Name, address, and phone number of your landlord for the last 24 months.
- Copy of the sales contract.
- Copy of the canceled earnest money check.
- Copy of the closing statement and the sale of current residence, if applicable.
- Copy of your divorce decree, if applicable.
- Provide a gift affidavit, if applicable.
- Bankruptcy schedules and discharge documentation, if applicable (all pages).
- Internet printouts cannot be accepted.
Additional Documentation Required:
If you are applying for a VA Loan
- VA Certificate of Eligibility (Original).
- Complete form DD-214.
- For in-service veterans, provide a Statement of Service and a recent Leave and Earnings statement.
If you are self-employed or have commission income
- Two years of signed tax returns with all schedules attached.
- Two years of corporate/partnership tax returns with all schedules attached.
- Year-to-date profit and loss statement and balance sheet.
If you are relocating with company benefits
- Copy of the company’s relocation policy.
- Letter from your employer stating effective date of transfer and new income.
- Copy of the entire relocation buyout offer (if applicable).
Additional Information
- 30 days prior to closing all information must be updated.
- 10 days prior to closing, provide hazard/property insurance company name and contact information.
- Provide a $400 check for appraisal (if you have a signed purchase contract) made payable to Supreme Lending.
