Items Needed For A Loan Application in Huntsville AL

By: Huntsville Real Estate Expert Mike Manosky On September 6, 2007

Thanks to today’s tightening credit standards, you may need more paperwork than ever when applying for a new home loan.  Below is a comprehensive list of items you may be required to bring along when you visit your lender to begin the loan application process:  (please note, all lenders are different and may require more or less paperwork!)



          Addresses of employers for two full years

          Gross monthly income, proven by last two pay stubs

          W-2’s, if available

          Proof of pensions, retirement, disability, or Social Security

          Proof of income from rentals, investments, etc.

          Proof of child support or alimony paid/received

          Self-employed: two years 1040 tax returns

          Current year profit and loss statement



          Each creditor’s name and type of account

          Account numbers

          Monthly payments and approximate balances

          Amount of child care expenses



          Names of checking & savings institutions

          Account numbers and current balances

          Last two months bank and savings statements



          List of assets in stocks, bonds, land

          Life insurance cash value

          Social Security numbers for all parties

          Veterans: Certificate of Eligibility & DD-214 or Statement of Service

          Divorce Decree and/or Separation Agreement if applicable

          Child support documentation if applicable

          Bankruptcy papers if applicable


This may seem like an unreasonable amount of work to have to do on your part just to get a home loan.  But imagine if you were about to lend hundreds of thousands of dollars to somebody – you’d probably want a pretty good idea of that person’s ability to pay you back!


Please click here to get started searching for homes in Huntsville AL.  You can also visit my website or email me to learn more about Huntsville AL real estate.  I’m here to help!

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