What you need to get ready before applying for a mortgage loan – PJM Mortgage Services, Inc.

Loan Application Checklist

In general, the documentation you will need includes:

Check for Application, Appraisal & Credit Fees

Property Information (if you already have a contract on a house)

Purchase Agreement.

If you are selling your current home, copy of listing contract.

If you have sold your current home, copy of settlement statement (HUD-1).

Income & Assets

Pay stubs for the last 30 days.

For the past two years:

	Names and addresses of each employer. (Two Year History)
	W-2s - (Last 2 or 3 Years)

Statements for each bank, mutual fund, and/or investment account for the last three months. (MUST INCLUDE ALL PAGES)

Estimated value of personal property and furniture.

If you have made any large deposits to your accounts:

Explanation and source for deposit.

If large deposit was a gift:

	Signed gift letter (PJM Mortgage Services will supply).
	Copy of gift check.
	Copy of deposit receipt.

If you own more than 25% of a business:

Corporate or partnership tax returns.

If self-employed:

	Tax returns for the last three years (with schedules).
	Year-to-Date Profit and Loss Statement prepared by an accountant.

If you own rental property:

Tax returns for the last two years and current Lease Agreements.

If you are retired:

Pension Award Letter.

If you receive Social Security:

Social Security Award Letter.

If you are counting child support as income:

	Copy of divorce settlement.
	Copy of twelve months of cancelled child support checks.

Debts

Explanation of credit report anomalies, including:

	Late payments, credit inquiries in the last 90 days, charge-offs, collections, judgments and/or liens.
	Bankruptcy filed within last seven years (bring a copy of your bankruptcy papers).

Miscellaneous

Photo ID and proof of Social Security number.

Residence addresses for the past two years.

If applicable, a copy of your divorce decree.

If you are not a citizen, a copy of the front and back of your green card.

Mortgage Calculator:

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PJM Mortgage Services, Inc. 146 Mill Road Westhampton Beach, NY 11978

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