What information and documentation do I need to gather?

Here is a list of information you may need for the loan application:

• Address of property you want to purchase or refinance
• Present address
• Former addresses (if you have lived at current residence for less than two years)
• Current employer(s)’s contact information
• Previous employer’s contact information (if you have been with your current employer for less than two years
• Monthly income (base, commissions, bonuses, overtime, etc)
• Current housing expenses
• Rent (if you rent)
• 1st Lien principal and interest (if you own)
• 2nd Lien principal and interest
• Hazard insurance
• Property tax
• Mortgage insurance
• Homeowner’s association dues
• Total assets
• Checking and savings account numbers
• Amount of money in checking and savings accounts
• Stocks and bonds
• Life insurance net cash value
• Life insurance face amount
• Market value of other real estate you own [does this include the house they currently live in????]
• Value of retirement account
• Net worth of business you own
• [Market] value of automobiles you own
• Other assets
• Total liabilities
• Could include: automobile loans, revolving credit such as credit cards, alimony, child support, installment loans, etc.
• Need to know creditor’s contact information and account number

Here is the documentation you may need:

• Proof of income:
• Pay Stubs (Provide the most recent 30 day pay stubs)
• 2 Years W2's and/or Tax Returns
• Bank Statements, 401(k) Statements, and Other Asset Documentation
• Proof of Lease Agreements, Proof of Misc. Income, Etc.
• ??????

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