DOCUMENTS NEEDED FOR LOAN APPLICATION

In order to serve your mortgage needs, we request that you provide the following documentation at application (or as quickly as possible). We will be unable to complete the processing of your application until all necessary items have been received:

XX___  If salaried - 2 years W-2’s (2002 & 2001 – for all employers).

XX___  Most recent pay check stubs covering a one month period for each  Borrower

XX___  If self-employed or  25%  or more of your income derives from bonus or commissions, 2 years

personal tax returns (complete & signed) and a year-to-date profit & loss and Balance Sheet

for your business.

£          If you own 25% or more of a company or partnership, 2 years corporate or partnership returns

(complete & signed), and a year-to-date profit and loss statement and balance sheet are required.

XX___  Three most recent statements on all bank and/or investment accounts (all pages).

£          Complete schedule of real estate owned.  Lease agreements on rental properties

            (or tax returns, as you prefer).

XX___  Name, address and phone number of Mortgage Company or Landlord for 2 years.

£          Account #, balance and min. payment on revolving & installment debt (autos, credit cards, etc.).

£          Contract for purchase of property.  Copy of earnest money check. (Requested from Realtor)

£          Settlement Statement on any Real Estate sold in previous 12 mos.

XX___ Complete copy of Divorce Decree(s) (if applicable).

£         Copy of previous Survey & Title Policy and Name & number of Home Insurance Agent (if refinance).

£          Copies of current leases on property being refinanced.

£          Copy of Discharge of Bankruptcy and Schedule of Creditors (if applicable).  

£          Original Certificate of Eligibility and copy of DD214.