What information will be needed for the application (and how it's kept private)
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 a list of the information mortgage lenders will use to consider your loan application.
For all loans
Social Security Number, for borrower and co-borrower if any
For the last two years, employment dates, addresses, salary.
Current pay stubs or W-2 forms.
Check and Savings Accounts and Certificates of Deposit
Location of bank accounts, account numbers and balances;
Address of bank if out of town
Last 2 months' statements
Stocks, Bonds, and Investment Accounts
Broker's name and address, description of stocks, bonds, etc.
Last 2 months' statements or copies of stock certificates
Approximate vested interest value
Copy of latest statement
Make and model of automobiles, their approximate resale value
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.
You may need a current balance sheet and profit and loss statement if more than three months into the new fiscal year, signed by CPA.
If you have income from:
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 you choose to have this be considered as part of your income (you don't have to).
If you own real estate
Most recent statement for each mortgage and Insurance declarations page
If you've sold your home but not closed:
A copy of the sales contract
If you've sold your home, closed, and you will use the proceeds for your new down payment:
A 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 will be a gift:
Name, address and relationship of donor.
Please speak to your Expert Home Loan Advisor before exchanging funds so we can show you the easiest ways to do so.
For all Financing
Evidence of Social Security Number and photo identification
For VA Financing
DD214 and Certificate of Eligibility
For Construction/Perm Loan
Signed construction with cost breakdown, builder plan and specifications