CA mortgages : CA mortgage rates and home loans

The Application

A complete loan application gets the process off to a good start. I will work with you to fill out the application. The application summarizes your personal identification, housing history, employment, income, assets and debts.

The following is a checklist of the documentation that is needed for a “Full Doc”, or fully documented loan application.

Personal Identification: Your full name, your social security number, date of birth and a copy of your driver’s license.

Residence history:

	•	Past 24 months of residence with complete addresses
	•	Length of time you have lived at each residence
	•	Name of landlord, phone number and address (if renting)

Employment History

	•	Employers for the past two years with addresses and phone numbers
	•	W-2’s for the past two years
	•	Pay stubs covering the most recent 30 days
	•	If self-employed, your most recent 2 years of tax returns
	•	For any gaps in employment, a letter of explanation will be needed

Assets

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Copies of the most recent 2 months or 1 quarterly statement for all bank accounts, investment or retirement accounts, pensions, etc.

Debts: Your lender will request your permission in writing to run your credit report. This will complete the liabilities section of the application.

Current Real Estate

	•	Property addresses
	•	Estimated market value
	•	Outstanding loan balances—copy of most recent loan statement
	•	Amount of monthly loan payments, taxes and insurance
	•	Amount of rental income, if any

If this is a purchase loan, the following is needed:

	•	When you are in contract, a copy of your Purchase Contract
	•	If you are selling your current residence, a copy of your Sales contract will be needed, and a certified copy of your closing statement will be needed before your new loan will fund.