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Application Checklist
TYPICAL SALE REQUIREMENTS:
There will be some variation and differences in requests from building to building, but the following check list is a very good start to organize yourself and be ahead of schedule.
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Contract of Sale - signed by all parties, dated, and including all riders
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Loan Commitment Letter (if financing any part of purchase) - must include monthly mortgage payment and interest amount. If you have not locked in, the mortgage company must provide a Good Faith Estimate of your monthly payment and interest amount
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Past 2 to 3 months Account Statements verifying financial assets to complete purchase
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Tax Return and W-2 forms - (Last 2 years)
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Employment Verification Letter - stating annual salary, bonus (if applicable), position held, and length of employment. If you are self employed, a letter from your CPA or accountant stating your income
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Pay Stubs (for past 30 days) at least two (2)
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Typically Two (2) Professional Reference Letters, some times more
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Four (4) Personal Reference Letters
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Bank Reference Letter (Must show bank account balance)
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If currently renting Landlord Reference Letter - must state length of residence and payment history
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Photo Identification (i.e. Driver’s license, non-driver identification, alien registration card, valid U.S. passport or foreign passport with valid visa) (only if applicable)
- Self employed applicants also need to submit, Financial Statement for Business - Must be prepared by CPA
