Closing Checklist

Checklist of Information Necessary to Apply for a Mortgage Loan:

1. A copy of the Purchase Agreement if a new purchase (signed by all parties)
   
2. Social Security numbers (borrower and co-borrower)
   
3. Current address (and previous ones, if your current address is less than two years old)
   
4. Your gross monthly income, to include:
   
   • Base pay (most recent paystubs)
     
   • Commissions (if on commission, a copy of W-2 forms or tax returns for two years is required)
     
   • If self-employed, tax returns for past two years
     
5. Names and address of employers (employment information must cover at least two years
   
6. Bank account numbers, institution addresses, and approximate balances
   
7. A listing of your assets such as:
   
   • Real estate
     
   • Stock, bond
     
   • Life insurance and amount of cash value, if any
     
   • Gift letter, if funds are being provided by relatives
     
   • Retirement accounts (401(k), IRA)
8. A listing of your liabilities, such as:
   
   • Name and addresses of present mortgage company if you own property (include loan numbers, approximate balances, monthly payment)
     
   • Names of credit cards or firms with outstanding balances such as student loans, personal loans, auto loans, etc. (include account numbers, payments and approximate balances)
     
   • Child support or alimony obligations (separation papers or divorce decree required)