- Property Information
- Copy of original Sales Contract. If this
will be a construction to perm loan, please contact our office for further
details and requirements.
Borrower Information
- Copy of Drivers License. A copy of your
drivers license will be required to meet customer identification regulations
for the USA Patriot Act. VA loans also require a copy of your social
security card.
- Divorce Decree or separation documents.
If you and/or your spouse have been divorced or are separated we will
need a complete copy of the divorce decree or separation documents and
the child support agreement.
- Gift letter including a copy of the check & the
deposit. We will provide you with a Gift Letter in your loan
application package for you to complete and return to us.
Income Information
- Most recent pay stub(s)
Covering at least the latest 30 day period with year to date earnings,
for both borrower and co-borrower.
- If paid monthly, 1 paystub required.
- If paid bi-weekly, 3 paystubs required.
- If paid weekly, 5 paystubs required.
- Most recent W-2s
For both borrower and co-borrower. This item is not usually required
with an automated underwriting approval.
- Information and supporting documentation
For any and all additional income from leases, rental property, investments,
alimony, child support(12 month payment history req'd.), etc.
- If you own rental property
We will need your most recent tax returns with all schedules and current
lease agreements.
- Self-employed borrowers
Borrowers with 25% or more ownership in a business and borrowers with
commission income will need their most recent tax returns, including
all schedules. These need to be signed copies of the complete tax returns
you filed with the IRS.
- Retirement and/or social security
We will need your most recent Annual Awards Letter and/or your most
recent Annual Social Security Awards Letter.
Other Information
- Most recent bank statements
For each account listed on page 3 of the loan application, including
checking, savings, CDs, IRAs, 401Ks, stocks, etc. Be sure to include
all pages of the statement.
Note: We will only use the accounts necessary for AUS approval.
- If you are selling your current home
We will need the Sales Contract for the pending sale and when the property
closes we will need the executed Settlement Statement (HUD 1) for the
sale of that property.
- If you have recently sold your home
We will need a copy of the executed Settlement Statement (HUD 1) for
the sale of that property.
- If you are a non-resident alien
Copy (front & back) of your Certificate of Resident Alien Status (Green
Card).
If this is a VA loan we will also need the following items:
- Copy of your DD214, member copy 4.
VA Streamline Refinance Loans
- Copy of your "Note" with the VA Case #, usually found in the upper
right hand corner of the page.
If this is a Refinance loan we will also need the following
items:
- Name, address, phone number & loan number for your current loan.
This is usually found on the front page of your loan payment book.
- Declaration page to your home owner's insurance policy. (The page
with your coverages)
- Copy of your Title Policy, if available.
- Copy of your Property Tax Receipts.
- Most recent Survey of property. This will usually be the survey
from when the property was purchased.
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