Loan Aps: What You Need

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Want to get a loan? Here are some things you may need.

Call Jan at 864-990-8033 for help!

l 3 months’ bank statements on all accounts, including 401k

l Copy of HUD1 Settlement Statement on recent sales of homes

l Gift letter (for funds from family members); donor’s bank statement; copy of gift check; copy of deposit receipt

l Landlord’s name, address, and phone number

l Explanations for late payments; credit inquiries in the last 90 days; charge-offs; collections; judgments; liens

l Copy of bankruptcy papers filed within the last seven years

l Copy of Social Security Card and driver’s license

l Last two years’ W2 forms

l Most recent pay stubs covering a 30 day period

l Federal tax returns (1040’s) for the last two years, if:

you are self-employed; earn regular income from capital gains; earn sizable interest income; earn more than 25% of your income from commissions or bonuses; own rental property; or you take non-reimbursed business expenses.

l Year-to-Date Profit and Loss Statement (for self employed)

l Corporate or Partnership tax returns (if you own more than 25% of a business)

l Copy of purchase agreement (if you have already made an offer)

l Receipt for child support payments

l Copy of Divorce Settlement