What you need to get ready before applying for a mortgage loan – United Lending LLC

Loan Application Checklist

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

Purchase Contract.

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

If 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:

	Names and addresses of each employer.
	W-2s

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:

Explanation and source for deposit.

If 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.

If self-employed:

	Tax returns for the last three years (with schedules).
	Year-to-Date 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 income:

	Copy of divorce settlement.
	Copy of twelve months of cancelled child support checks.

Debts

Names, addresses, account numbers, balances and monthly payments on all current loans.

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

Photo ID and proof of Social Security number.

Residence addresses for the past two years.

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.

United Lending LLC - 8303 N Mopac, Suite A201 - Austin, TX 78759 - NMLS #218884

Phone: 512-699-4290 Fax: 512-853-8648 Email: doug.smithe@unitedlendingusa.com

United Lending a Division of Network Funding NMLS #2297
Licensed/Registered with the State of Texas
Complaints regarding mortgage bankersshould be sent to:
The Department of Saving and Mortgage Lending
2602 North Lamar, Suite 201
Austin, TX 78705
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 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 informaiton about the recovery fund, please consult the department's web site at www.sml.texas.gov

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