CHA Mortgage Company | Loan Application Checklist

The following information is needed to complete the application:

Name, social, date-of-birth, residence and work history for two years for all applicants.

Property Information:

Property address. Please provide a copy of the purchase agreement if you are purchasing a home and have an accepted offer to purchase a specific property.

If you have recently sold a home, provide a copy of your Final HUD-1 Settlement Statement signed by an Escrow Officer or Attorney.

Assets and Income For All Applicants On The Loan:

Official statements for each bank, mutual fund, and/or investment account for the last two months. Statements must be consecutive and include all pages. For example, if the statement shows "Page 1 of 5," all five (5) pages must be provided.

Official statements are either mailed to you by the bank or retrieved from your online banking session where documents can be found. Transaction history printouts or screenshots from an app on your phone are not acceptable since they do not contain your full bank account number, your name, the bank name and 30 days of all history on your account.

Income for wage-earners:

Paystubs for the most recent month covering one month of earnings.

W-2s for the most recent two years.

If you own more than 25% of a corporation or partnership:

Federal corporate or partnership tax returns including all schedules filed for two years.

Year-To-Date Profit and Loss and Balance Sheet required if applying for FHA loan.

If you are a Sole Proprietor filing a Schedule C:

Personal federal tax returns for the last two years with all schedules filed.

Year-To-Date Profit and Loss and Balance Sheet if applying for FHA loan.

If you own rental property:

Personal federal tax returns for the last year, including all schedules filed and current rental agreements.

If you are retired:

Pension Award Letter.

Social Security Award Letter.

1099s for two years.

Additional sources of income:

Provide documentation supporting receipt and continuance of this income if using it to qualify for the loan.

Debts

Names, addresses, account numbers, balances and monthly payments on all current loans. (WE WILL PULL YOUR CREDIT FROM ALL THREE CREDIT BUREAUS SO THIS ONLY APPLIES IF YOU HAVE RECENTLY OPENED NEW DEBT THAT DOES NOT APPEAR ON YOUR CREDIT OR YOU HAVE MONTHLY OBLIGATIONS NOT REPORTING ON YOUR CREDIT. DO NOT INCLUDE UTILITY BILLS.)

Explanation of credit report anomalies, including:

Late payments, credit inquiries in the last 90 days, charge-offs, collections, judgments and/or liens.
Bankruptcy or foreclosure filed within last seven years (provide a copy of your bankruptcy papers). Short sales completed in the last four years (provide Settlement Statement).

VA Loans

Copy of DD Form 214 if for period(s) of active duty service.

Statement of Service from your Commanding Officer if you are still serving and have not completed a period of active service to qualify for eligibility.

CHA Mortgage Company will request your Certificate of Eligibility from the VA.

Miscellaneous

HOA, property tax and hazard insurance statements for properties owned if these are not included in the monthly mortgage payment.

Legible copy of Photo ID.

If you are not a US Citizen, please provide a copy of the front and back of your Resident Alien Card or Visa.

Preapproval Checklist

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