What information will be needed for the application (and how it's kept private)
Anything you submit over our website is 100 percent, fully secure. And we never, ever share it with anyone except by permission -- that is, if you're giving us information you want us to use to get you the best loan, we use that information to tell mortgage lenders about you and convince them to loan you money. In turn, those mortgage lenders are bound by federal law to keep your information secure.
Loan Application Checklist
In general, the documentation you will need includes:
Check for Property Appraisal, Credit Report and/or Application fee
Property Information (if you already have a contract on a house)
Purchase Agreement, executed by all parties.
Copy of Property Deed (legal description) and Survey. Copy of MLS sheet.
If you are selling your current home, copy of listing contract.
If you have sold your current home, copy of settlement statement (HUD-1).
Income & Assets
Pay stubs for the last 30 days. (all borrowers)
For the past two years:
Names, addresses and phone numbers of each employer. With Dates of employment.
W-2s
Statements for each bank, mutual fund, and/or investment account for the last three months.
Year, make and model of all automobiles. Estimated value of personal property and furniture.
If you have made any large deposits to your accounts:
Explanation and source for deposit.
If large deposit was a gift:
Signed gift letter (lender can supply).
Copy of gift check.
Copy of deposit receipt.
Proof of donor ability to give gift.
If you own more than 25% of a business:
Corporate or partnership tax returns.
If self-employed:
Tax returns for the last three years (with schedules).
Year-to-Date Profit and Loss Statement prepared by an accountant.
If you own rental property:
Tax returns for the last two years and current rental agreements.
If you are retired:
Pension Award Letter.
If you receive Social Security:
Social Security Award Letter.
If you are counting child support as income:
Copy of divorce settlement.
Copy of twelve months of cancelled child support checks.
Debts
Information on current mortgage payment, property taxes, homeowner's insurance and homeowner's association dues.
Give authorization for credit report before application, or bring names, addresses, account numbers, balances and monthly payments on all current loans.
Explanation of credit report anomalies, including:
Late payments, credit inquiries in the 90 days, charge-offs, collections, judgments and/or liens.
Bankruptcy filed within last seven years (bring a copy of your bankruptcy papers).
VA Loans
Copy of DD Form 214, Report of Separation.
Miscellaneous
Name, address, phone and fax number for your Real Estate Attorney.
Name, address, phone and fax number for your Real Estate Agent.
Name and phone number of individual the Appraiser can contract to enter the subject property.
Social Security numbers for all applicants.
Photo ID (i.e. Driver's License) with of Date of Birth. For Patriot Act Compliance.
Residence addresses for the past two years.
If applicable, a copy of your divorce decree.
If you are not a citizen, a copy of the front and back of your green card or work visa information..
What information will be needed for the application (and how it's kept private)