"Pre-approval Document Checklist Template - Amg Mortgage"

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Pre-Approval
Document Checklist
EMPLOYMENT/INCOME
¨
Provide most recent, consecutive pay stubs for 1 month
¨
Provide all W-2's for the past two years
¨
Provide all pages and schedules of last two years personal Federal tax returns
¨
If self-employed, provide all pages and schedules of last two years business tax returns and
corporate K-1's
¨
If self-employed, provide current Balance Sheet and P&L
¨
If retired, provide benefit award letter, last two years 1099's, and all pages and schedules of last two
years tax returns
¨
If any rental income is received, provide copy of current lease agreement and mortgage statement
¨
If VA and active duty personnel, copy of Statement of Service Letter and Off Base Housing Authority
Letter
ASSETS
¨
Provide ALL pages of most recent 2 months statements for all accounts; including all checking, savings,
stocks, IRA, & 401k
*The statements must show your name, account number and the name of the banking institution.
¨
If funds to close will come from a gift, complete the gift letter and the following:
a) from the donor – bank statements showing the funds in the donor's account and a copy of the check
from the donor's account
b) from the borrower – a copy of the deposit slip showing the gift check deposited into your account
¨
If funds to close will come from sale of home, copy of HUD-1 from sale of home and deposit slip showing
proceeds deposited into bank account
CREDIT
¨
Copy of enlarged driver's license and social security card
¨
Copy of final, filed divorce decree
¨
Copy of bankruptcy papers, including all schedules and discharge, and credit explanation letter for
reason for bankruptcy
¨
Letter of explanation on any late payments, collections, charge offs or derogatory credit
¨
Letter of explanation for all recent credit inquiries
¨
If VA, Certificate of Eligibility or copy of DD214
PROPERTY
¨
Homeowners Insurance Agent's name, address, and phone number for the subject property
¨
If refinance, copy of note and mortgage statement from the current lender showing the account number
¨
If you’re retaining your current residence, provide a mortgage statement showing taxes and insurance
are included in the monthly payment
¨
If you’re currently renting, provide your Landlord’s name, phone number and address. 12 months
canceled rent checks will be necessary for private landlords.
¨
If you live with a family member, letter stating you live rent-free
Pre-Approval
Document Checklist
EMPLOYMENT/INCOME
¨
Provide most recent, consecutive pay stubs for 1 month
¨
Provide all W-2's for the past two years
¨
Provide all pages and schedules of last two years personal Federal tax returns
¨
If self-employed, provide all pages and schedules of last two years business tax returns and
corporate K-1's
¨
If self-employed, provide current Balance Sheet and P&L
¨
If retired, provide benefit award letter, last two years 1099's, and all pages and schedules of last two
years tax returns
¨
If any rental income is received, provide copy of current lease agreement and mortgage statement
¨
If VA and active duty personnel, copy of Statement of Service Letter and Off Base Housing Authority
Letter
ASSETS
¨
Provide ALL pages of most recent 2 months statements for all accounts; including all checking, savings,
stocks, IRA, & 401k
*The statements must show your name, account number and the name of the banking institution.
¨
If funds to close will come from a gift, complete the gift letter and the following:
a) from the donor – bank statements showing the funds in the donor's account and a copy of the check
from the donor's account
b) from the borrower – a copy of the deposit slip showing the gift check deposited into your account
¨
If funds to close will come from sale of home, copy of HUD-1 from sale of home and deposit slip showing
proceeds deposited into bank account
CREDIT
¨
Copy of enlarged driver's license and social security card
¨
Copy of final, filed divorce decree
¨
Copy of bankruptcy papers, including all schedules and discharge, and credit explanation letter for
reason for bankruptcy
¨
Letter of explanation on any late payments, collections, charge offs or derogatory credit
¨
Letter of explanation for all recent credit inquiries
¨
If VA, Certificate of Eligibility or copy of DD214
PROPERTY
¨
Homeowners Insurance Agent's name, address, and phone number for the subject property
¨
If refinance, copy of note and mortgage statement from the current lender showing the account number
¨
If you’re retaining your current residence, provide a mortgage statement showing taxes and insurance
are included in the monthly payment
¨
If you’re currently renting, provide your Landlord’s name, phone number and address. 12 months
canceled rent checks will be necessary for private landlords.
¨
If you live with a family member, letter stating you live rent-free