Items Needed for Mortgage Loan Processing
When you are ready to apply, please be prepared to provide the following application and property information: APPLICATION INFORMATION (FOR ALL APPLICANTS)
- Home address(es) for the previous two years
- Your social security number(s)
- Most recent 2 months pay statements and employment information for the previous two years including employer name, address and phone number
- Other income information including salary, overtime and bonuses, commissions, dividends, interest, retirement and any other source of ongoing income.
- Signed federal tax returns for last two years. If self-employed, both company and individual returns along with profit and loss statement
- Most recent 3 months bank statements on all liquid assets including bank name, account type and balance.
- Other assets including the value of bonds, stocks, life insurance, retirement funds, jewelry, automobiles, etc.
- Liabilities including creditor names and outstanding balances for all debts including notes payable, 401(K) loans, life insurance loans, stock pledges, alimony, child support, co-signed loans, credit union loans and other liabilities
- Real estate owned including property address, market value, outstanding liens, rental income, mortgage payments, taxes, insurance and maintenance dues
- If renting, landlord's name, address, telephone number and amount of rent due monthly
- Divorce decree (if applicable)
- Purchase contract along with a copy of the earnest money check (if applicable)
- Copy of homeowners insurance
