What you need to get ready before applying for a mortgage loan – Pacific Coast Financial Services

Loan Application Checklist

In general, the documentation you will need includes:

Income & Assets

	Names 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 your accounts:

If self-employed:

Letter verifying at least two years self employment from accountant/tax preparer

Tw years Business license.

If you own rental property:

Schedule of real estate showing income and expenses for all properties.

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, 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 and proof of Social Security number.

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.

Pacific Coast Financial Services

Phone: