Purchase Checklist

NJ Lenders Corp.

Track theinformationas well as thedocumentsyou may be asked to provide when you

Reference this helpful checklist for everything you’ll need when purchasing a home:

Information

• Personal information
  • Full legal name, social security number, date of birth
• Contact information
  • Primary phone number, email address, current and former residential/mailing addresses over the last two years
• Income
  • Gross income amount, including any secondary and part-time jobs, as well as overtime, bonuses, and commissions, if applicable
  • Secondary income sources and amounts, including retirement, veteran's benefits, disability payments, alimony, child support, and rental or investment income
• Employment
  • Name, phone number, and address of all employers over the last two years
• Assets
  • Value of each bank, retirement, investment, and other asset accounts
• Expenses
  • Current expenses including housing, credit card, car and loan payments, child support, and any other obligations

Documents

Your LendGen mortgage professional will ask you to provide some or all of the documents listed below. Be prepared to provide additional documents as needed for your unique financial circumstance.

Income, Employment, and Assets

• IRS Form 4506-T: Request for Tax Transcript, completed, signed, and dated
• Pay stubs covering the last 30 days with year-to-date information included (for all jobs and applicants)
• W-2s for the past two years
• Federal tax returns (1040s) for the last two years
• Written explanation if employed less than two years or employment gap exists within the last two years
• Asset and bank statements: Most recent two months' statements for all accounts listed on the application — Most recent two months' statements for all accounts listed on the application– all pages

Self Employed Borrowers

• Personal and business federal tax returns complete copies for the last 3 years
• Year-to-date profit and loss statement
• List of all business debts

Credit

• Credit explanation letter for late payments, collections, judgments, or other derogatory items existing in credit history
• Source of funds documentation for any large deposits on asset statements (outside of payroll or gift fund deposits)
• Judicial decree or court order for each obligation due to legal action (example: lawsuit, judgment, child support)
• Bankruptcy / Discharge papers for any bankruptcies existing in credit history
• Payment History for public utilities, phone, cable, car insurance, and other expenses

Miscellaneous

• Form of ID (drivers license, passport, etc.) and social security card

Servicemembers and those on active duty are recommended to consult with a legal advisor regarding the loss of any benefits you are entitled to under the Servicemembers Civil Relief Act or applicable state law. Content and information provided as a courtesy. We make no representations or warranties as to the accuracy or completeness of the information and assume no liability for use of this information.