ChecklistLoan Request Check List

Welcome to Sun West. To expedite your loan request whether purchasing your dream home or refinancing an existing, we recommend that you have the following information available when submitting your application:

Documentation for Identity:

  • Copy of Driver’s license and Social Security Card for all applicants.

    (Suggestion: if using a copier to copy them please use a color copier and enlarge these documents to 200% of the actual size for clarity.)

If currently renting or Living with family:

  1. 1. Contact information (Name, Address and Phone Number) of all Landlords for the past 24 months.
  2. 2. Current Lease agreement on present address
  3. 3. If living Rent Free: A signed and dated letter from family members providing you housing, stating you are living Rent Free.

Income Documentation for Salaried Individuals:

  1. 1. 2 current pay stubs
    (Note: One of the pay-stubs must be from the last 30 days or at the most date 5 weeks from the document submission date)
  2. 2. 2011, 2012 - W2 forms, 1099’s (if applicable)
  3. 3. 2011, 2012 - 1040 (Personal Federal Tax Returns) only with all supporting schedules.
    (Note: If an extension was filed, please include a W2s and Tax Returns for the year 2010 as well.)
  4. 4. 2011, 2012 - K-1 form(s) - If applicable

Income Documentation for Self-Employed Individuals:

  1. 1. 2013 Year to date Profit and Loss Statement to current month– If applicable
  2. 2. 2011, 2012 - 1120’s Federal Corporate tax returns only with all supporting schedules – If applicable
  3. 3. 2011, 2012 – K-1’s with all supporting schedules – If applicable

Income Documentation for Other Income Types:

  1. 1. Pension Award letters with proof of 3 years continuance
  2. 2. 2013 Social Security Award Letters
  3. 3. Disability Award Letter
  4. 4. Divorce Decree, Child Support Order & DES received payment history

Documentation of Liquid and near Liquid Assets:

  1. 1. Most recent statements for 2 consecutive months on all bank and asset accounts.
    (Note: Please include statements from all Checking, Savings, Money Markets, Certificate of Deposits (CDs), etc. accounts. These documents should include all pages and also provide the name and location of the Bank; account numbers and current balances; and the telephone number of the bank.)
  2. 2. Most recent statements for 2 consecutive months of all Investments, IRA’s, 401k’s, etc. accounts.
    (Note: Please include all pages and also documentation of the approximate Vested Interest value.)

Documentation for using Gifted Funds for the Down Payment:

  1. 1. Please include information about the Name, Address and Relationship of the Donor with the Borrower/s.
    (Note: The amount of the Gifted Funds would be verified to be available in both the Donor’s and then in the Recipient’s Bank Account once the funds are transferred from Donor to Recipient.)

Additional Documents to be submitted when available for Home Purchase loans:

  1. 1. Purchase / Sales Contract or Offer to Purchase with all Addenda (Attachments and Enclosures).
    (Note: The Contract must have the original signatures of the Buyer and the Seller.)
  2. 2. Copy of the Earnest Money Check and Receipt from the Title / Escrow company.
  3. 3. Full contact information of the Realtor you are working with including the Name, Company Name, Cell phone number, E-mail Address and Fax Number.
  4. 4. Once available:
    1. Homeowner’s Insurance Application.
      (Note: Provide the Agent’s Name, Phone Number, Fax Number and E-mail Address.)

Additional Documents to be submitted for Refinance loans:

  1. 1. Copy of Note on subject property
  2. 2. Current Mortgage Statement(s) on loan being refinanced
  3. 3. Homeowner’s Insurance Declaration’s page reflecting annual premium
  4. 4. Tax Bill
  5. 5. Current Survey (if applicable)
  6. 6. Current HOA bill (if applicable)

Additional Documents to be submitted if you own multiple / rental properties:

  1. 1. Rental Agreement(s) on all rental properties
  2. 2. Current Mortgage Statement(s) on all properties
  3. 3. Homeowner’s Insurance Declaration’s page(s) reflecting annual premium on all properties
  4. 4. Tax Bill(s) for all properties
  5. 5. Current HOA bill(s) for all properties (if applicable)

    (Tip: If Rental Income would be necessary to qualify you for the loan, 6 months reserves for each Rental Property would be an added advantage.)


The Approval Process Is As Easy As 123:

     1.Apply On Line
     3.Close Loan

Purchasing a Home?

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Refinance Now!

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Reverse Mortgage

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