Loan Application Information

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.

Here is a list of the information mortgage lenders will use to consider your loan application.

For all loans – Your Financial Information

Social Security Number and Proof of Identity, for borrower and all co-borrowers (if any)

Employment History
For the last two years, employment dates, addresses, salary;
You will be asked to submit Current pay stubs or W-2 forms.

Checking and Savings Accounts and Certificates of Deposit
Location of bank accounts, account numbers and balances; 
You will be asked to submit the last 3 months’ statements

Stocks, Bonds, and Investment Accounts
Description of stocks, bonds, and Investment Accounts; 
You will be asked to submit the last 3 months’ statements 

Life Insurance Policies
Insurance company, policy number, face amount, cash value, if any;

Retirement Plan
Location of Retirement accounts, account numbers and vested interest value;
You will be asked to submit a copy of the latest statement

Make and model of automobiles, their resale value;

Other Assets
Market value of personal and household property, real estate owned, art or antiques

Liabilities and Other Non-Mortgage Debt
Creditors names, addresses, account numbers
Monthly payments and balances

Other income information you may need

If you’re self-employed
Two years tax returns, profit and loss statements, both company and personal if separate. 
Current balance sheet and profit and loss statement if more than two months into the new fiscal year, signed by CPA.

If you have income from:
Rental Property 
Notes Receivable 
You’ll need two years’ personal federal tax returns

If employed in family business
Personal federal income tax returns and all schedules for the past two years

If divorced or separated
Complete executed divorce decree and settlement agreement
Payment history of alimony/child support over the past 12 months, if it is a financial obligation. 
If you choose to have this be considered as part of your income (you don’t have to), be prepared to provide 12 months canceled checks or bank statements reflecting income deposits.

Your Schedule of Real Estate Owned

List of all properties owned -please see SREO form in our application forms

Name and address of all mortgage lenders for the past 24 months, account numbers, monthly payments and balances

If this is a 1031 Exchange

A copy of the HUD-1 Uniform Settlement Statement for the exchange property

For a Purchase Transaction

Purchase sales contract or offer to purchase and all addenda;
Furnish contract with original signatures of buyer and seller

If a source of your down payment is a gift:

Name, address and relationship of donor. 
Gift funds will be verified in both the donor and recipient’s accounts. 
Note: Not all loan programs allow gifts to be part of your down payment.


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