In general, the documentation you will need includes:
Check for application fee
Property Information (if you already have a contract on a house)
of legal description and MLS sheet.
If you are selling your current home,
copy of listing contract.
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:
and addresses of each employer.
Statements for each bank, mutual fund, and/or investment account for the
last three months.
Estimated value of personal property and furniture.
If you have made any large deposits to
Explanation and source for deposit.
large deposit was a gift:
Signed gift letter (lender can supply).
Copy of gift check.
Copy of deposit receipt.
If you own more than 25% of a business:
Corporate or partnership tax returns.
Tax returns for the last three years
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
Copy of divorce settlement.
Copy of twelve months of cancelled child
addresses, account numbers, balances and monthly payments on all current
Explanation of credit report anomalies,
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).
Copy of DD Form 214, Report of
and proof of Social Security number.
Residence addresses for the past two years.
If applicable, a copy of your divorce decree.
are not a citizen, a copy of the front and back of your
NMLS #306348 Billi West- Licensed in Florida, Georgia, Colorado & Texas Network Funding, L.P. #2297 NMLS # 2297
*For the State of Texas: CONSUMERS WISHING TO FILE A COMPLAINT AGAINST A MORTGAGE BANKER OR A LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATOR SHOULD COMPLETE AND SEND A COMPLAINT FORM TO THE TEXAS DEPARTMENT OF SAVINGS AND MORTGAGE LENDING, 2601 NORTH LAMAR, SUITE 201, AUSTIN, TEXAS 78705. COMPLAINT FORMS AND INSTRUCTIONS MAY BE OBTAINED FROM THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV. A TOLL-FREE CONSUMER HOTLINE IS AVAILABLE AT 1-877-276-5550.THE DEPARTMENT MAINTAINS A RECOVERY FUND TO MAKE PAYMENTS OF CERTAIN ACTUAL OUT OF POCKET DAMAGES SUSTAINED BY BORROWERS CAUSED BY ACTS OF LICENSED MORTGAGE BANKER RESIDENTIAL MORTGAGE LOAN ORIGINATORS. A WRITTEN APPLICATION FOR REIMBURSEMENT FROM THE RECOVERY FUND MUST BE FILED WITH AND INVESTIGATED BY THE DEPARTMENT PRIOR TO THE PAYMENT OF A CLAIM. FOR MORE INFORMATION ABOUT THE RECOVERY FUND, PLEASE CONSULT THE DEPARTMENT’S WEBSITE AT WWW.SML.TEXAS.GOV.
Network Funding, L.P. #22971590 Island Lane Fleming Island, FL 32003