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Necessary Data for Loan Application Interview...

Below is a brief list of items needed to process your loan application.

Income Information

• Name, address, zip code and telephone number of employer(s).  If employed less than 2 years, previous employer(s) information or explanation and supporting documentation to cover 2 year history. 
  
• LAST YEAR'S W-2 AND MOST RECENT PAY STUB.
  
• Tax returns and financial statements (2 years) if self-employed.  Other documentation required to substantiate income (1099, audited financial statements).   A current balance sheet and profit and loss statement is also needed.
  
• Copies of current leases on all rental real estate owned.
  
• Retirement, social security and/or disability income must be verified with a copy of award letter and verification of present compensation received. 
  
• Copy of year end income statement.  Income from notes receivable must be verified with copy of ratified note and evidence or receipt of income.
  

Asset Information

• Names, addresses, account numbers and balances of liquid asset accounts. 
  
• PREVIOUS 2 MONTHS BANK STATEMENTS.
  
• Names,  addresses, and account numbers of institutions holding stocks, bonds, mutual funds and/or other securities.
  
• Location and approximate value of automobile(s) owned and/or leased.  If unemcumbered, copy of title.
  
• Approximate value of furniture and personal property.
  

Liabilities Information

• Name, address, account number, balance and monthly installments of automobile loans, contractual indebtedness, leases, credit cards and present mortgage(s).
  
• Alimony, child support and separate maintenance payments due must be verified with copy of Divorce Decree and Separation Agreement if applicable.
  

General Information

• Signed sales contract.
  
• Past and/or present monthly residency expenses, including utility costs, for the past 2 years.
  
• VA loans require a Certificate of Eligibility.
  
• FHA loans require a photo ID and proof of social security number of all applicants.
  
• Borrower will be responsible for payment of appraisal and credit report fees at time of application.
  

ADDITIONAL INFORMATION MAY BE REQUESTED AS NEEDED.