 |
What do I need to apply?
The time required to process a mortgage application can be significantly reduced if alternative documentation is utilized. Listed below are items that may be used in lieu of requesting the information from employers, banks, Federal Government. The fewer items we must order from outside sources, the quicker your application will proceed.
From the Realtor Copy of purchase contract and all addenda (signed by all parties)
Copy of legal description and MLS sheet
Copy of listing contract, if you are selling your current home
Copy of settlement statement (HUD-1), if you have sold your current home
Income and Employment
Name and address of employers for previous two years
Previous two years W-2's and tax returns (Include all schedules)
Pay stubs to cover past thirty days
Year-to-date Profit and Loss statement and Balance Sheet, if self-employed
Social Security award letters, pension award letters or trust fund statements
Leases for rental property owned
Assets and Liabilities
Bank statements for past three months (checking, savings, CD, etc.)
Most recent quarterly statements (mutual funds, 401k, IRA, etc.)
Copies of stock certificates or savings bonds
Gift letter and copy of gift check
Past twelve months canceled mortgage or rent checks, or Landlord's address, if renting
Mortgage account number & lender address
Most recent debt statements (include all debt account numbers, addresses, balances and minimum monthly payments)
Miscellaneous
Personal Photo Identification for FHA & VA loan
Copy of DD214 (VA applicants)
Copy of Certificate of Eligibility (VA applicants)
Copy of divorce decree and separation agreement (if applicable)
Copy of bankruptcy discharge and all schedules (if applicable)
If refinancing, copy of settlement statement, location survey and note.
Rates are for loans of $140,000 to $300,700, and the rate is subject to borrower's qualification under guidelines for the chosen program. Rates are subject to change without notice. This is not an offer to extend credit as defined by Regulation Z.
|
