What you need to get ready before applying for a mortgage loan – Bradford Mortgage NewBridge Bank Company

Loan Application Checklist

In general, the documentation you will need includes:

$400 check for appraisal

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

Purchase Agreement.

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 all borrowers

For past 2 years:

	Names and addresses of each employer.
	W-2s

Statements for each bank, mutual fund, and/or investment account for the last two months.

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 two years (with all schedules).

If you own rental property:

Tax returns for the last two years and current rental agreements.

If you are retired:

Pension Award Letter or if direct deposited - bank statements for last two months showing direct deposit.

If you receive Social Security:

Social Security Award Letter or if direct deposited - bank statements for last two months showing direct deposit.

If you are counting child support as income:

Copy of divorce settlement.

Miscellaneous

Photo ID

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.

Name and phone number of attorney you plan to use.

Name and phone number of insurance agent.

Mortgage Calculator:

Bradford Mortgage NewBridge Bank 704 South College Road Wilmington, NC 28403

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