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Information needed for Loan Application
| 1. | Purchase: | * Purchase Contract |
| * Proof of earnest money (cancelled check, if over 2% of price) | ||
| 2. | Refinance: | * Settlement Statement &
Warranty Deed (was given to you when you bought the house) |
| * Current lenders name, address, phone & account number | ||
| * Copy of Title Policy (States where title companies close loans) | ||
| 3. | Past two years: | * W-2 forms |
| * Residence address | ||
| * Employer's name, address, phone & fax number (personnel) | ||
| * Leasing office address & phone number (if renting) | ||
| * Personal Tax Returns (only if you are self employed, earn a bonus/commission that is at least 20% of total income, contract jobs, or own rental property) |
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| 4. | Consecutive pay stubs for the last 30 days | |
| 5. | Bank statements for the past three months (all pages of each statement) | |
| 6. | Purchase contract & settlement statement for current residence, if being sold | |
| 7. | Documentation of all income producing accounts (stocks, bonds, 401-k, rental etc.) | |
| 8. | Name / account number for all credit accounts (will use information on credit report) | |
| 9. | Payment for appraisal & credit report | |
| 10. | Copy of each applicants drivers license | |
| 11. | Job relocation / New position letter (start date, salary, position, housing agreement) | |
| 12. | Complete Divorce
Papers: if paying/receiving child support or alimony (proof of receipt is needed) |
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| 13. | Self Employed: corporate tax returns, K-1's, corporate YTD profit & loss, and balance sheets |
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| 14. | VA loans require Certificate of Eligibility & DD214 (separation from military) | |
If any of the following information applies, we will need written documentation and/or explanations to process your loan: * Recent large deposits in bank
accounts Please mail all of the needed documentation that applies to your situation to the address below (copies, not originals), including a check for the credit report & appraisal: John Shea Telephone #: (770) 740-9590 |
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