Showing posts with label application checklist. Show all posts
Showing posts with label application checklist. Show all posts

Louisville Kentucky VA Home Loan Mortgage Lender: Kentucky VA Mortgage Checklist Documents for Approval

Louisville Kentucky VA Home Loan Mortgage Lender: Kentucky VA Mortgage Checklist Documents for Approval: Required for all Borrowers Pre-Approval Required Documents W-2’s (2 years) Drivers License Tax Returns (2 years) Bank Statements (2 months- ...


Kentucky VA Mortgage Checklist Documents for Approval




Required for all Borrowers

Pre-Approval Required Documents W-2’s (2 years)

Drivers License

Tax Returns (2 years)

Bank Statements (2 months- all accounts)

Employed Borrowers (with a W-2) Paystubs (totally one month) Retirement Statement (most recent)

*SSI Disability Requirement - SSI Reward Letter

Self-Employed Borrowers

(1099/Schedule C/Schedule S, etc.)

Tax Returns (2 years; Personal and business with statements and schedules)

Retirement Statement (most recent)

*SSI Disability Requirement - SSI Reward Letter


Veteran (VA) Borrowers

Pension Reward letter

Social Security Reward Letter Social Security Card

Retired Borrowers

Social Security Reward Letter & 1099 2 years W-2’s (where applicable) Social Security Card

Retirement Statement (most recent 2 months)

Social Security Income Borrower

VA Benefits Award Letter Social Security Card

Retirement Statement (most recent 2 months)

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Tips to keep your Kentucky Mortgage Loan Pre-Approval Valid until closing

 10 Tips for Mortgage  Loan Applicants Not to After Pre-Approval for a KY Mortgage
 

1. Don’t change jobs or become self-employed. 

2. Don’t buy a car, truck, van, boat or motorhome unless you plan to live in it. 

3. Don’t use your credit cards or let your payments fall behind. 

4. Don’t spend the money you have saved for your down payment. 

5. Don’t buy furniture before you buy your house. 

6. Don’t originate any new inquiries on your credit report. 

7. Don’t make any LARGE or CASH deposits into your bank account. 

8. Don’t change bank accounts. 

9. Don’t co-sign for anyone. 

10. Don’t purchase anything until after the closing. 


Kentucky Mortgage Pre-Approval Checklist of Items Needed for Approval Letter

  1. Bank Statements - Last 2 Months – All bank statements for all accounts from the last 2 months. Include all numbered pages of all bank statements!
  2. Driver's License – Legible state-issued driver's license
  3. Evidence of Insurance – For all properties owned
  4. Federal Tax Returns - Last 2 Years – Last 2 years of federal tax returns to prove income, include all schedules
  5. HOA statement (if applicable) – Most current statement
  6. Loan Application (1003) – Please complete all fields
  7. Mortgage Statement(s) – Most recent for all properties owned
  8. Pay Stubs - Received in Last 30 Days – Last 30 days of pay stubs to prove income
  9. Social Security Card – Legible social security card to prove social security number
  10. W-2s - Last 2 Years – Last 2 years of W-2s to prove income

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Joel Lobb
Mortgage Loan Officer
Individual NMLS ID #57916

American Mortgage Solutions, Inc.

Text/call:      502-905-3708
fax:            502-327-9119
email:          kentuckyloan@gmail.com

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Kentucky Mortgage Loan Application Checklist


Kentucky Mortgage Loan Application Checklist

ALL BORROWERS WILL NEED TO BRING:

 Copy of driver’s license(s) for applicant and co-applicant
 Copies of W-2’s for the last two years
 Copies of paycheck stubs for the previous 30 days (or most current)
 Checking and Savings account statements  for the previous two months
 Quarterly or semi-annual statements for all checking, savings, IRA’s, CD’s, money market funds,
stocks, 401K, profit sharing, etc.


SELF-EMPLOYED BORROWERS WILL ALSO NEED TO BRING:

 Copies of most recent 2 years tax returns (with all schedules including k-I’s if applicable)
 Copies of current profit & loss statement, and balance sheet
 Copies of corporate/partnership tax returns for most recent 2 year period if owning 25% or
more of company – copies of W-2’s and/or 1099 forms
FHA BORROWERS ALSO NEED TO BRING:
 Copies of security card and driver’s license for each applicant and co-applicants
VA BORROWERS ALSO NEED TO BRING:
 Original Certificate of Eligibility and copy DD214 Discharge Paper
 Name and address of nearest living relative










Joel Lobb (NMLS#57916)Senior  Loan Officer
502-905-3708 cell
502-813-2795 fax
jlobb@keyfinllc.com

Key Financial Mortgage Co. (NMLS #1800)*
107 South Hurstbourne Parkway*
Louisville, KY 40222*












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