The Parrish Group
2256 Academy Avenue Ext
Dublin, GA 31021
478-274-1128 Office
478-272-8582 Sales
478-274-0933 Fax
Affordable Family Living
Underwriting Requirements Checklist
~ Items that need to be submitted~
This is a checklist for you to use to organize your paperwork only. But feel free to keep this checklist with your paperwork which will be submitted to your support representative as you go through the loan process.
If two people will be applying, both should submit the items listed below. If you would like to save and print this form later download a .pdf version of this application to your hardrive.
Credit Score The current minimum credit score allowed is between 580 and 620. This score is determined from the three credit bureaus. If you have a current score from all three bureaus (TransUnion, Experian, Equifax), the middle score is the score that applies. If you only have two scores, the lowest applies. If you only have one score it will apply. If you have not score, you have alternative credit references available as described below.
Applicant Information
Forms of ID
Drivers License
Social Security Card
Income
Last four pay stubs. Please continue to save future pay stubs as they might be needed prior to closing
Other income such as SSI, Disability - Must have letter verifying current benefits.
Employment History/Income
If you are a salaried employee, last two years W-2 forms. Do not submit full tax return.
If you are an independent contractor, last two years 1099 forms along with full tax return.
If you receive government assistance, i.e. SSI, Disability payments, last two years 1098 from Social Security Administration. You will need letter stating amount of benefits you currently receive and future benefits likely to continue.
Bank Accounts
Must have a bank account statement showing at least 60 days of activity with no NSF charges.
Last two monthly bank statements for all bank accounts you have individually and jointly. If you do not have them, please go to the institution and have a statement of account printed for the last sixty days. Make sure to have the bank employee sign and stamp with institutions stamp.
Retirement Accounts
If you have any retirement accounts, i.e. 401k or IRA's Please submit latest quarterly statement. Lender will allow sixty five (65) percent of balanct to be used towards reserves (savings) requirement.
Current Rental Information
Please submit your current landlord's NAME and Telephone Number
12 months of past payments shown in canceled checks to landlord
Alternative Credit Options
Rental Agreement
Provide letter from landlord stating when rental started, status of accont with landlord's name and phone number. If landlord is an individual, copies of last twelve (12) months bank statements showing payments.
Car Insurance
Letter from insurance company stating when service started along with payment history.
Utility Bill
Provide letter from utility provider stating when service started along with payment history.
Cell Phone
Provide letter from provider when service started along with payment history.
If your Drivers License lists a PO Box or is a different address then your current address Please submit a copy of the following:
Drivers License
Social Security Card
Utility Bill
To print a better quality checklist please download and print the .pdf version.
