Pre-Qualification Checklist
Property Information (This does not apply for a credit only
application)
- Copy of Purchase Agreement or Sales Contract if available
Personal Information
- Address of residence the last two years for both the
borrower & Co-borrower (include landlord name, address, and
phone number if applicable)
- Copy of Driver License (FHA, VA, KHC, RHS Loan Types)
- Copy of Social Security Card (FHA, VA, KHC, RHS Loan Types)
- Copy of Eligibility Certificate (VA Loan Types Only)
- Copy of DD-214 Discharge Papers (VA Loan Types Only)
Employment Information
- Address for any/all employers the last two years for both
the Borrower & Co-borrower.
- Explanation for any job gap during the last two years
- Present salary: Year-to-date pay stub and last two years
W-2s and/or 1099s. (FHA, VA, KHC, RHS, Loan Types)
- Variable Income: commissions, bonuses, overtime, and/or
interest and dividend used for qualifying. Provide last two
years tax returns. (Last 3 years Tax Returns for KHC Loan Type)
- If self-employed: last two years individual and corporate
tax returns and a year-to-date profit and loss statement
Additional Income
- Rental Income: provide copy of current lease
- Alimony/Child Support (only if used for qualification): Copy
of divorce decree and evidence of 12 months receipt of payments.
Evidence can be copy of borrower's bank statements reflecting
the consistent amount deposited, or copies of the cancelled
checks.
Assets
- Bank Accounts: Checking & Savings, account numbers, address,
and balances
Liabilities
- Credit cards: Account numbers, balances, and payment on all
revolving accounts with a balance
- Installment Loans: (Auto, personal, mortgage, student) Name
of institution, address, account number, balance, payment, and
number of months remaining.
- Alimony/Child Support: Copy of ratified Divorce Decree -
and/or Separation Agreement.
Sale of Present Home
