Toby Lynn
Loan Goddess
404-255-9025
Application Checklist
If you closed on a mortgage a couple years ago, you probably didn't have to show much. Things have changed, and now we're back to a pretty traditional check list. I'm listing most items here, we may be able to do without a few items, but here's the general list. It will help speed up the application process if you can get these items together, upfront.

If a Purchase;
  • Verification of the earnest money you placed on the home
  • We'll get the rest together with your Realtor
If a Refinance;
  • Copy of your most recent mortgage statement for both 1st and 2nd mortgage
  • If an FHA mortgage, we'll need a copy of the original settlement statement
  • If this will be a conventional loan, structured on the new declining value programs, we'll need a copy of the original note.
  • Savings, checking, money market funds, stocks, etc. - copies of statements for the last two months ALL numbered pages attached.
  • Gifts - If part of your cash to close will be a gift, I will provide you with a specific Gift Affidavit to be completed
Your Income
  • Copies of your pay-stubs for the most recent 30-day period
  • Copies of your W-2 forms for the past two years
  • Names and addresses of all employers for the last two years
  • Letter explaining any gaps in employment in the past 2 years
  • If you receive Social Security, Pension or Disability, a copy of your "Awards" letter.
If self-employed (>25%) or receive commission or bonus, interest/dividends, or rental income:
  • Federal personal tax returns for the last two years including all schedules and statements. If you have filed an extension, please supply a copy of the extension.
  • K-1's for all partnerships and S-Corporations for the last two years
  • Depending on the structure of the business, we may need corporate Tax Returns as well
If you pay or receive Alimony or Child Support:
  • Provide divorce decree/court order stating amount, as well as, proof of receipt of funds for last three months
  • If you PAY child support, we'll need a copy of your final decree
Source of Funds and Down Payment
  • If you are under contract for your existing home - provide a copy of the signed sales contract
  • Savings, checking, money market funds, stocks, etc. - copies of statements for the last two months ALL numbered pages attached.
  • Gifts - If part of your cash to close will be a gift, I will provide you with a specific Gift Affidavit to be completed