HOME BUYERS HANDBOOK

The Gibraltar Group strives to make the home buying process as transparent as possible through open communication. You are ready to find a new home and we are here to help!

Please use this checklist to review all items you may need to process your loan as efficiently as possible.

ASSETS & AVAILABLE FUNDS

Two previous month’s bank statements (all pages) for all checking and savings accounts.
Copies of your most recent monthly statements establishing ownership in: stocks, bonds, money market accounts, CD’s, retirement accounts, employee savings plans, retirement accounts, etc.
Year, make, and model of any vehicles, boats, etc. that you own
If receiving a gift, please provide a signed and dated letter from the donor stating that the funds are a gift and that repayment is not required. The donor will need to provide the most recent month’s bank statement or other evidence to prove their ability to make a gift in such amount.

CURRENT REAL ESTATE OWNED

Copy of recent mortgage coupon for each loan, plus monthly rate of taxes, homeowner’s insurance and mortgage insurance; indicate all these amounts are impounded each month
If you intend to rent out any property after the cost of this loan, please provide signed copies of the rental agreements that establish the amount of the monthly rent and the term of the lease.

EMPLOYMENT & INCOME

Two consecutive pay stubs showing year-to-date income for all jobs
Complete Federal tax returns for the past two years
Driver’s license or official photo identification
If applicable, Resident Alien card
All W2’s and/or 1090’s for the past two years
If applicable, year-to-date Profit & Loss Statement for businesses owned
Social Security Card

BANKRUPTCY

Provide copies of all schedules (D, E, F, and any others) and the discharge letter

DIVORCE & CHILD SUPPORT

If you wish to have alimony and/or child support payments considered for income,
please provide a copy of the divorce decree and the documents
showing evidence of receipt of payments