Colorado Springs real estate professional markets homes in a unique way. Get the details on how John DeBrito sells and markets Colorado Springs homes.
The paper work required for loan approval
Not all of this will be required. A licensed loan officer will guide you through this paperwork.
Income, Asset & Liability Verification
Assets or liabilities verification which may include any of the following:
1. Verification of earnest money paid 2. Canceled checks 3. Bank statements 4. HUD-1 statement from purchase or sale of property 5. Statements from stockbrokers 6. Verification of mortgage signed by the lender 7. Verification of rent signed by the landlord 8. Gift letter from a donor with verification that the funds have been given to you
Other underwriting stuff
A. Letters explaining late payments, credit issues, gaps in employment B. Diploma or transcript from a school C. Medical leave information D. Military discharge and separation (DD214) E. Discharge papers from bankruptcy and petition (including list of creditors) F. Certified copy of court decree for divorce and /or dissolution of marriage G. Lease agreements H. Satisfaction of any judgments, tax liens or other prior liens I. Letter from employer stating relocation policy and specific benefits