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|  Loan Document Checklist A properly documented loan application will make your loan approval process go smoothly. This checklist will help you gather your paperwork. Please see below for the checklist of items my staff will require to process and formally approve your mortgage once your preliminary mortgage approval is in place. Feel free to fax or email any of these documents. Otherwise, our secretary will be happy to makes copies for you here at our office.
· Driver’s License · Social Security Card · W-2’s for the past two years · Self-Employed Borrowers: Signed and dated copies of your Federal Tax Returns for the past 2 years (include all schedules and all pages) · Copy of current Pay Stubs showing year-to-date earnings · 2 current Bank Statements or a 60 day account history for all accounts (all pages) showing your full name, account number and available balance - Purchase Real Estate Purchase Contract (signed by all parties)
- Copy of the Earnest Money Check (if applicable)
- $400 Appraisal Fee (Check to IBERIABANK Mortgage or Credit Card Authorization)
- If you are selling a previous home: Please provide your signed Real Estate Sales Contract and/or signed Settlement Statement (HUD-1)
- Name of the Title Company handling your closing (when determined) – please note that you will need to obtain a cashier’s check made out to the title company for your total cash to close…a personal check will not be accepted.
- Proof of Homeowner’s Insurance (all properties owned)
If applicable please provide the following: - Retirees: For Social Security or Retirement Income that will continue for a minimum of 3 years – please provide your Awards Letter and 3 months of bank statements documenting income deposits.
- If you are using Gift Funds for your Down Payment or Closing Costs: In addition to the signed Gift Letter, please provide a copy of the canceled/cleared Gift Check or Wire Receipt and Bank Statement showing the withdrawal from the Donor’s account. Also, please provide your current Bank Statement showing the deposit as available for withdrawal. If the donor wishes to provide a Cashier’s Check directly to the Title Company to be applied at your closing, please provide a copy of the Cashier’s Check and a Bank Statement showing the withdrawal from the Donor’s account. Click here for Federal Gift Fund Documentation Requirements
- If you own Rental Property: Please provide Current Lease Agreements
- If there are no mortgages or liens on your home(s): Please provide the current property tax and insurance information for each home
- If you pay or receive Child Support or Alimony: Please provide your Final Divorce or Separation Papers and Property Settlement Agreement (all pages)
- If you are applying for a VA Loan: Please provide your Separation Papers (Form DD214)
- If you are not a US Citizen: Please provide your Green Card/Visa/Employment Authorization Card, Etc…
- If you have filed for Bankruptcy: Please provide your Bankruptcy Petition (all pages), Discharge Documents, and a written explanation of the filing
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