CashFlow Property Finder - Required Loan Documents

Lender application form — will include name(s) of applicant(s), current address, phone, type and amount of loan required, as well as other personal and financial data
Driver's license and social security card photocopies
Divorce settlement papers, if applicable, no matter how far back in time
If not a U.S. Citizen — permanent resident alien — copy of green card (alien registration card) or non-permanent resident alien — copy of Visa
Your personal resume

W2 forms for the last two years
Last two pay stubs, covering at least one month
Signed tax returns for the last two years — be sure to include form 1040 (long or short form) along with all schedules
Business tax returns for the last two years if you own 25 percent or more of a business
Current business income statement
If self-employed, many lenders want verification that you have been in the same line of work for at least two years
Rental/lease income (proof required will vary by lender)
Proof of social security income, pension, disability income, 1099 income, or any other income you want to use to qualify for the loan

The lender will request verification from your employer that you are indeed an employee
The lender may also request a statement from your employer indicating that you will most likely continue to be an employee for the foreseeable future

Bank statements for the past two months
Last quarter investment or trust accounts (if applicable)
Copies of stocks, bonds, or U.S. savings bonds
Current statement for 401(k) and/or IRA accounts
List of all real estate you currently own, including address, current value, loan balances, monthly payments, and rental income (if any)
Value of autos, boats, and any other personal property
Listing agreement and sales contract if you are selling your current home
List of any life insurance cash value

Complete list of current debts and minimum monthly payments (may be taken from credit report)
List of any loans on which you are a cosigner
If debts are owed to individuals, lender may require a statement from payee as to the current balance, payments, and if payments are being made on time
If the loan requested is for a refinance, a copy of the current mortgage and payoff amount

Last 12 months of cancelled checks paid for rent (if applicable) or payments on a land contract
If you rent your home and it is managed by a professional management firm, they can verify that you are current on your rent and that rent has been paid on time

Property address, legal description, and location on map
Purchase agreement (if applicable)
Copy of earnest money check (if applicable)
General description of the property with pictures of property and neighborhood
The year the home was built
Type of construction
Renovation proposed (if any)
Details of renovation plan and schedule, including the budget, the contractors to be used, and the added value to the property when the project is complete
Copies of any appraisals available

Gift letter (if applicable) signed by the donor and proof of receipt and ability to gift the funds
Landlord's contact information (if applicable)
Realtor's contact information (if applicable)
Insurance agent's contact information
Contact name and phone number for the lender's appraiser to access the property
College diploma if you graduated within the last two years
Cosigner's complete information (if applicable)
All pages and schedules for any bankruptcy filing within the last seven years and the discharge sheet for any type of bankruptcy (Chapters 7, 11, or 13)