Loan Application Checklist

Property Information (if you already have a contract on a house)
Copy of the purchase agreement.

Income & Assets

Pay stubs for the last 30 days for each applicant.

 Past two years W-2's (2004 & 2005) for each applicant.
Two Most Recent Bank Statement for any and all checking accounts and/or savings accounts.

 

 If you own more than 25% of a business:
 

Corporate or partnership tax returns.
  If self-employed:
 

Tax returns for the last two years (with schedules).
  If you are counting child support as income:
 

Copy of most recent child support order.

Debts

Monthly payments on all current loans.
Explanation of derogotory items that may appear on your credit report including:
 

Late payments, credit inquiries in the last 90 days, charge-offs, collections, judgments and/or liens.

 Bankruptcy filed within last seven years (bring a copy of your bankruptcy papers).

Miscellaneous

Photo ID
If applicable, a copy of your divorce decree.
If you are not a citizen, a copy of the front and back of your green card.

 

 

Keystone Mortgage 717 6th St SE PO Box 324 Pipestone, MN 56164
Phone: Toll Free Phone: Fax:

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