Allymac | Southern Trust Mortgage | Mortgage Loan Application Checklist

Loan Application Checklist

Following are general documentation requirements. Your loan officer can provide you with a list of supporting documentation needed for your specific situation. Note that all copies must be complete and include all pages. Documents can be faxed or emailed directly to your loan officer or processor.

To apply, please use our Secure Online Application or call 888-562-6510 to apply by phone.

Property Information (if you already have a contract on a house)

Copy of ratified purchase agreement.

Copy of Property Listing.

If you are selling your current home, copy of listing contract.

If you have sold your current home, copy of HUD-1 settlement statement.

Your Income & Assets

3 Most recent pay stubs covering at least 30 days (for each borrower).

For the past two years:

	Names and addresses of each employer.
	W-2s for most recent 2 years

Statements for each bank account, mutual fund, and/or investment account for the last three months.

If you have made any large deposits to your accounts:

Explanation and source for deposit.

If large deposit was a gift:

	Signed gift letter (we will supply).
	Copy of gift check.
	Copy of deposit receipt.

If you own more than 25% of a business:

2 Years corporate or partnership tax returns.

If self-employed (even if paid on W-2):

	Complete tax returns for the last two years (all schedules).
	Year-to-Date financial staements.

If you own rental property:

Current Leases (tax returns may be required).

If you receive retirement income:

Pension or other award letter(s).

If you receive Social Security:

Social Security Award Letter.

If you are counting child support as income:

	Copy of court order or divorce settlement (if applicable).
	Copy of (twelve months) cancelled child support checks.

Your Debts

Names, addresses, account numbers, balances and monthly payments on all current loans (not listed on your credit report).

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).

VA Loans

Copy of DD Form 214, Report of Separation.

Miscellaneous

Clear copy of Photo ID (Drivers License or similar) for all borrowers.

Residence addresses for the past two years.

If applicable, a complete copy of your separation agreement and divorce decree.

If applicable, a complete copy of your bankruptcy filing

If you are not a US citizen, a copy of the front and back of your green card.