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Home Finance Checklist

Most major home loan finance institutions will require that you have the following documentation ready in order to apply for home financing for your remodeling and improvement projects:

Completed Loan Application
Signed and dated by all loan applicants
Income Documents
For Hourly or Salaried Employment:
- Original W-2 for the past year AND
- Original paycheck stub showing year-to-date income (within last 60 days)
For Self-Employment, Sole Proprietor:
- Complete copy of previous year's federal tax return
- Copy of year-to-date Profit and Loss statement
For Self-Employment, Corporation:
- Copy of Form 1120 for previous year
- Copy of year-to-date Profit and Loss statement
- Complete copy of federal tax return for previous year (including all schedules)
- Original W-2 for the past year (if applicable)
- Original paycheck stub showing year-to-date income (if applicable)
For Retirement Income:
- Original Social Security Award Letter or Pension Award Letter
For Rental Income:
- Copy of complete tax return for previous year (including Schedule E)
- Copy of lease or rental agreement for all properties
Other Income (You do not need to reveal alimony, child support, or separate maintenance income information unless you want it considered for qualification purposes):
- A 1-year history of receipt AND
- A copy of the fully executed divorce decree, if applicable AND
- Evidence of 1 full year of receipt of payments

Asset Documents
Originals of the two most recent account statements for all checking, savings or other asset accounts
Oligations (debts other than consumer credit accounts)
A copy of the fully executed divorce decree indicating the amount of child support, alimony or separate maintenance payments, if applicable
Property
For purchase loans
A copy of the fully executed purchase contract
* Additional documents might be required.

Home Finance Checklist

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