After you've decided what type of loan you want, you'll begin the application process. Halpern and Associates eliminates the stress and frustration of this process by making sure you're prepared. Organizing the items on this checklist will make your approval go as quickly and as smoothly as possible.

• Your two most recent pay stubs and your last two years' W-2 statements
  
• If you're paid by commission (or receive a bonus that exceeds 25% of your base salary) be prepared with two years' signed complete Federal Tax returns with all schedules and K-1s for any partnerships
  
• If you own 25% or more of a corporation, partnership or sole proprietorship, you'll need: Corporation — two years' corporate returns, year-to-date P&L, and balance sheet
  
• Partnership — two years' partnership returns, year-to-date P&L, and balance sheet; Sole Proprietorship – year-to-date P&L and balance sheet
  
• Names, addresses and phone numbers of all employers for last two years
  
• Current rental leases (if any annual rental income)
  
• Two months' of complete bank statements for all accounts to verify funds available for the down payment, and quarterly statements of IRA, 401K or other savings/investment plans
  
• Current loan information with complete lender names, addresses and account numbers
  
• Last twelve months' canceled rental checks if other verification is unavailable
  
• If the property you are buying is a condominium you must provide copies of the Bylaws, Master Deed, Budget, Insurance Certificate and Unit Deed
  
• Purchase and Sales Agreement (signed by all parties)
  

• The name and address of your current landlord, if applicable
  

Having all this paperwork completed, signed and photocopied results in your loan being processed in a quick and efficient manner.

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