Items Needed for a Credit Application


Employment

  • Addresses for two full years
  • Gross monthly income
  • W-2s, if available
  • Proof of pensions, retirement, disability or Social Security
  • Proof of income from rentals, investments, etc.
  • Proof of child support or alimony paid/received
  • Year to date pay stub

If self-employed

  • Two years 1040 Tax Returns
  • Current year profit and loss statement

Creditors

  • Each creditor’s name, address, and type of account
  • Account numbers
  • Monthly payments and approximate balances
  • Amount of childcare expenses

Banking

  • Names and addresses of saving institutions
  • Account number for all accounts
  • Type of accounts and present balances

Miscellaneous

  • List of assets in stocks, bonds, land
  • Life insurance cash value (documented if used as cash down payment)
  • If applicant is selling a home, a copy of sales contracts
  • Social Security number for all parties
  • Veterans – Certificate of Eligibility & DD-214
  • Cash or check to pay for application fee