Loan Application Information

What information will be needed for the application

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 the information mortgage lenders will use to consider your loan application.

Social Security Number, for borrower and co-borrower if any

Employment History:

• the last two years, employment dates, addresses, salary
• current pay stubs or W-2 forms

Check and Savings Accounts and Certificates of Deposit:

• Address of bank accounts, account numbers and balances
• Last 2 months' statements

Stocks, Bonds, and Investment Accounts:

• Broker's name and address, description of stocks, bonds, etc.
• Last 2 months' statements

Retirement Plans:

• Approximate vested interest value
• Copy of latest statement

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

Automobiles: make and model of automobiles, their resale value

Other Assets: market value of personal and household property

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 your CPA.

If you have income from commissions, overtime, bonuses, partnership, rental property, trusts, notes receivable, interest/dividends: 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.

If you own real estate

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

If you've sold your home but not closed: copy of the sales contract.

If you've sold your home, closed, and you will use the proceeds for your new down payment: copy of the HUD-1 Uniform Settlement Statement

If you rent

Name, address and phone number of landlords for the past 24 months

If you're buying a home

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.

For FHA Financing: evidence of Social Security Number and photo identification.

For VA Financing: DD214 and Certificate of Eligibility