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Buying Basics - Loan Application Checklist



In general, the documentation you will need includes:


Copy of driver's license or other type of identification.


Property Information (if you already have a contract on a house)

Purchase Agreement.

Copy of legal description and MLS sheet.

If you are selling your current home, copy of listing contract.

If you have sold your current home, copy of settlement statement (HUD-1).


Income & Assets

Pay stubs for the last 30 days.


For the past two years:


Names and addresses of each employer.



Statements for each bank, mutual fund, and/or investment account for the last three months.

Estimated value of personal property and furniture.


If you have made any large deposits to your accounts:


Explanation and source for deposit.

If large deposit was a gift:


Signed gift letter (lender can supply).

Copy of gift check.

Copy of deposit receipt.




If you own more than 25% of a business:


Corporate or partnership tax returns.



If self-employed:


Tax returns for the last three years (with schedules).

Year-to-Date Profit and Loss Statement prepared by an accountant.



If you own rental property:


Tax returns for the last two years and current rental agreements.



If you are retired:


Pension Award Letter.



If you receive Social Security:


Social Security Award Letter.



If you are counting child support as income:


Copy of divorce settlement.

Copy of twelve months of cancelled child support checks.




Names, addresses, account numbers, balances and monthly payments on all current loans.

Explanation of credit report anomalies, including:


Late payments, credit inquiries in the last 90 days, charge-offs, collections, judgments and/or liens.

Bankruptcy filed within last seven years (bring a copy of your bankruptcy papers).



VA Loans

Copy of DD Form 214, Report of Separation.



Photo ID and proof of Social Security number.

Residence addresses for the past two years.

If applicable, a copy of your divorce decree.

If you are not a citizen, a copy of the front and back of your green card.




We can assist you in locking a long-term fixed rate or refinance and get cash out.  We can help!  To get started click here


Purchasing a home will likely be one of the most important investments you'll ever make. We can help!  To get started click here

FHA loans

FHA home loans provide higher loan to value, lower rates and enable more people to qualify.  We're FHA experts... We can help!
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Licensing Information  -  William Lyon Mortgage, LLC Licensing Disclosure

William Lyon Mortgage, LLC is a Delaware Limited Liability Company headquartered at 3420 Bristol Street, 6th Floor, Costa Mesa, CA 92626. Company NMLS #1189778 ( William Lyon Mortgage, LLC is licensed, registered, or exempt from licensing to conduct business in the following states which require license disclosure on advertising materials: Arizona Mortgage Banker #0928369; Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act and the California Finance Lender Act. For State of Nevada residents William Lyon Mortgage, LLC is a mortgage lender promoting the loan products or services contained in this article; the business phone number that William Lyon Mortgage maintains on file with the State of Nevada Department of Business and Industry is (949) 476-5491. William Lyon Mortgage, LLC is an approved FHA and VA lender offering many loan products, and is not acting on behalf of or at the direction of HUD/FHA or the Federal government. Contact a William Lyon Mortgage Representative to learn more. This is not a commitment to lend. ©2017 William Lyon Mortgage, LLC. All Rights Reserved.