|
Documents
Needed to Obtain VA Home Loan
The most important thing to understand is that
the loan approval process is 100% dependant on
documentation. To insure a smooth transaction,
it is imperative that you have all of your
documents gathered prior to you initial loan
application. The following is a list of all the
documents you will need. Please feel free print
this screen and use this as a checklist.
VA Eligibility
Information
- DD214 - If you lost or cannot find your
DD214, click
here.
- Certificate of Eligibility - If you lost or
cannot find this form, click here
Employment/Income Information
- Most recent two years W-2's, 1099's, etc.
- Most recent pay stubs covering one month
period.
- If Applicable: Self-Employed will need Most
recent two years complete tax returns with
all schedules, and
- YTD Profit & Loss Statement.
Asset/Savings Information
- Most recent two months complete bank
statements for any and all accounts with all
pages.
- Most recent statement from retirement, 401k,
mutual funds, money market, stocks, etc.
Credit Information
- Most recent statements from your bills,
indicating minimum payments and account
numbers.
- Name, Address, and Phone number of your
landlord, or 12 months cancelled rent checks.
- If Applicable: Should you have no credit.
Copies or your most recent utility bills will
be needed.
- If Applicable: Copy of complete Bankruptcy
and Discharge Papers.
- If Applicable: If you co-signed for a
mortgage, car, credit card, etc, need 12
months cancelled checks. front and rear,
indicating you are not making payments.
Personal Information
- Copy of Drivers License.
- Copy of Social Security Card.
- If Applicable: Copy of complete Divorce,
Palimony, Alimony Papers.
- If Applicable: Copy of Green Card or Work
Permit.
- If Applicable: If you own another home(s) -
see below
If a Refinance or you own Rental Property
- Copy of Note & Deed from current loan.
- Copy of Property Tax Bill.
- Copy of Hazard (homeowners) Insurance Policy.
- Copy of Payment Coupon for current Mortgage.
- If Applicable: If property is multi-unit,
need Rental Agreements.
Additional documents may be needed upon review of
your file and on a case-by-case scenario. Once
you have applied for your mortgage and the lender
has received your documents, additional documents
may be requested.
|
Loan Process 
