Garbett Mortgage
Loan Application Checklist
Employment / Income
- Names and addresses of all employers for last 2 years.
- Most recent 2 years complete federal tax returns (all schedules) and W-2 forms.
- Most recent 30 days pay stubs.
- Social Security or Retirement award letter, if applicable.
If Self Employed
- Last 2 years? corporate tax returns.
- Year-to-date Profit & Loss statement and balance sheet.
If Child Support or Alimony is Necessary to Qualify
- Divorce Decree and Settlement Agreement.
- Printout from Court, canceled checks or bank statements showing receipt.
- If a full-time student in the past 2 years, college transcripts.
Assets / Accounts
- Most recent 3 months bank statements on all accounts, including 401k, IRA, stocks, etc. (Before closing, we must
verify that DOWN PAYMENT plus 2 months payment reserves are in bank accounts or have been deposited with builder).
- Letter and documentation regarding any large deposits (other than paychecks).
- If home was recently sold, copy of HUD-1 Settlement Statement from closing.
- Listing Agreement and/or Guaranteed Sale Agreement on current home, if applicable.
- Addresses, mortgage information and signed lease agreements on any rental property.
- Account numbers, payments and balances on all credit debt.
- If bankrupt in the past 7 years, complete file-stamped bankruptcy papers and discharge.
- If divorced in the past 7 years, complete file-stamped Divorce Decree and Settlement Agreement.
- If applying for a VA Mortgage, Certificate of Eligibility and Discharge Papers (DD214).
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Frequently Asked Questions
- How does buying a home compare to renting?
- Whats my maximum loan amount?
- What is a Mortgage?
- What is a Loan to Value (LTV)?
- What types of Loans are Available and what are the Advantages of Each?
- What is an ARM and when does it make sense?
- What's the difference: 15 or 30 year loans?
- Can I Pay Off My Loan Ahead of Schedule?
- What about First-time Homebuyers?
- How Can I Check my Credit History?
- What is Mortgage Insurance?
- What Happens After I've Applied for my Loan?
Download Brochure
Click the "Download" button below to download a PDF of our complete Garbett Mortgage brochure. In the brochure you will find a printable Application Checklist and additional information to help you in the loan application and management process. You will also find a map and driving directions to the Garbett Mortgage office.
