Home Loan Specialists 1164 N. Monte Vista, Ste 4, Upland, CA 91786 Direct Lender: Conventional / FHA / VA Home Equity Loans Phone (909) 920-5252 -or- (800) 566-2475 Fax (909) 920-5255

Documents required to process a loan:

INCOME

Salary - 2 years W-2's and 1 month current paycheck stub(s).

Commision - 2 years W-2's, 1040's and ytd P&L or 1 month current paycheck stub(s).

Self Employed:

Partnership - 2 years 1040's, K-1's (1065's) and YTD P&L.

Incorporated - 2 years 1040's, 1120's, W-2's, YTD Corporate P&L and 1 month paycheck stub(s).

Sole Proprietorship - 2 years 1040's, 1620's and YTD P&L.

Retirement - Grant letter, current check stub and 2 years 1099's.

Interest Income - 2 years 1040's and proof of assets to calculate.

Dividend Income - 2 years 1040's and proof of assets to calculate.

Note Income - 2 years 1040's and copy of promissory note(s).

Trust Income - 2 years 1040's and copy of trust agreement or letter from Trustee verifying amount of principal and annual disbursement. 

CREDIT

Derogatory Credit - Letter of explanation with supporting documentation.

Bankruptcy - Letter of explanation and copy of discharge with list of creditors.

Divorce - Copy of fully executed divorce decree and settlement in its entiretly.

Collection/Charge offs - Letter of explanation and proof of payment. 

PROPERTY

Purchasing New Property - Copy of Purchase Agreement, name and phone numbers of the listing & selling agents, and escrow.

Currently Listed for sale - Copy of Listing Agreement.

Pending Sale - Estimated closing statement & copy of escrow instructions.

Rental Property - Copy of rental agreement(s); multiple properties will require 2 years 1040's.

Liens on properties - Lenders: names, addresses, and account #'s; please specify liens on multiple properties.

Homeowners Association - Name & phone number of association and management company.

ASSETS AND SOURCE OF FUNDS

Savings/Checking - 3 months current, consecutive bank statements

Gift - Gift letter, proof of receipt of gift funds (i.e. copy of check), copy of deposit slip and proof of donors ability to give gift (i.e. donor's bank statement).

Stock and/or 401K - 3 months current, consecutive account statements; proof of liquidation (if used for down payment).

Sale of property - Certified copy of closing statement and proof of deposit into bank account or escrow.

Automobiles, Boats, ect. - If less than 5 years old - copy of pink slips.

 FHA

Copy of drivers license and social security card.

VA

VA Indebtedness (Copy of DD214).

Original Certificate of Eligibility.

Name and address of nearest relative

 ALL LOANS

Copy of Green Card, if not a U.S. Citizen.

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