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Keys to a Smoother Mortgage Application
It is our pleasure to provide our customers with the best service while also giving you a loan that best suits your individual needs. In order to make the processing and underwriting of your mortgage an enjoyable experience, please provide proof of employment and residence of the past two (2) years. Also, in order to verify assets and liabilities, it is essential that we receive copies of the following documents:
- Include all account numbers for all checking, savings and brokerage accounts and all debts. Enclosed for your information is the Consumer Handbook on Adjustable Rate Mortgages and Settlement cost booklets.
- Copies of your past two years Federal Income Tax returns, with all schedules attached, including W-2's and 1099's.
- Copies of your two most recent pay stubs or covering the past 30 days to verify income and employment.
- If you are retired and receive income from Social Security and/or pensions, please forward a copy of your most recent Social Security awards letter and a copy of your retirement awards letter or some other documentation to include name and address of your provider.
- Copy of a driver's license for each borrower.
- Copies of each page of your three(3) most recent statements or quarterly statements of all bank accounts, investment accounts, and retirement accounts, listing all assets for loan approval.
- If you are selling any real estate, please provide the listing agreement or sales contract or HUD-1 closing statement, whichever applies.
- If you own any real properties that are free of any mortgages/line of credit debt, please provide the Declaration Page of the Hazard insurance policy showing no mortgagor for that property.
- A copy of the sales agreement for the property you are purchasing.
IF APPLICABLE, PLEASE PROVIDE THE FOLLOWING:
- A copy of divorce decree.
- If you have been renting, please provide the name, address, and telephone number of your landlords for the past twenty four(24) months.
- If you are self employed or own 25% or more of any company, copies of corporate tax returns, S-Corporation returns and/or Form 1065 (K-1) for partnerships, as well as your personal returns for the past two years. A year to date profit and loss and balance sheet signed by you or you accountant are also required.
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