Schmidt Mortgage Corporation

All Loan Applications:                                    

• Copy of your Purchase or Construction Contract, signed by all buyers and sellers (for purchases)
• Original pay stub(s) covering the most current 30-day period for each applicant. (Continue to save your pay stub(s) until your loan is closed)
  
• Original W-2 and tax returns forms for the last two years, for each applicant.
• Original bank statements for checking and savings for the prior 2 month period - ALL PAGES (Continue to save your bank statements until your loan is closed)
• Name, address, and phone number of your landlord for the last 12 months (if renting)
  
• Original 401K and IRA statements (if applicable)
  
• Original investment account statements for the past 2 month period (if applicable) - ALL PAGES
  
• Last 12 months canceled mortgage payment/rent checks (if applicable)
  
• Credit Explanation Letter maybe required for any past due accounts on your credit report
  
• Copy of Photo I.D. (Patriot  Act) & Social Security Card for each applicant
  
• Check for payment of credit report and/or appraisal made payable to Schmidt Mortgage Corporation in the amount of $317.50
  

If You Are Applying for a FHA/VA Loan:                                    

• VA Certificate of Eligibility
  
• Form DD-214 or, for in-service veterans, Statement of Service if discharged within the last 2 years
  
• Most recent Leave and Earnings Statement (in-service veterans only)
• Name and address of child care provider (if applicable)
  
• Original pay stub for lender's file
  

If You are Self-employed or Have Commission Income:

• Copies of your last 2 year's personal and business federal signed tax returns (Please sign in blue ink)
  
• Year-to-date Profit and Loss Statement and Balance Sheet (self-employed only)

If You are Divorced:                                    

• Complete signed copy of all divorce decrees/separation agreements, any stipulations or modifications
  
• Proof of receipt of child support payments for 12 months (if using income to qualify for a mortgage loan or if you are required to pay child support)
  

Miscellaneous Items:                                    

• If you have graduated from high school or college with the last 2 years, a copy of your diploma
  
• If during the past 2 years, you have a gap in your employment of 30 days or more, include explanation
  
• If you have closed on your present home, a copy of your signed HUD-1 Settlement Statement showing the amount of proceeds (if sale is not yet complete, please provide a copy of your Purchase Offer)
  
• If you are receiving a gift for part of your down payment, you will be given a gift letter at application
  
• If you are being relocated by your employer, provide a copy of your company's relocation policy
  
• If you are a first time homebuyer and eligible for your local finance authority's assistance program, bring in a complete copy of your last 2 years federal income tax returns (Please sign in blue ink)
  
• If you have declared bankruptcy in the last 7 years, provide a copy of Petition Decree, Schedule of
  
• Creditors, and Discharge, as well as a letter explaining the reason why you filed for bankruptcy
  
• If you have a rental property, provide a current lease agreement
  
• Subordinating loan requires copy of note and mortgage
  
• If you are refinancing, provide a copy of your Homeowner's Insurance, prior years' Property Taxes, and a statement or coupon of your current mortgage payment.