The Loan Process
- Organize your documents
- Get qualified
- Shop loan programs
- Apply for a loan
- Submit supportive documents outlined below
- Obtain loan approval
- Close the loan
- Enjoy the fruits of your efforts
Information needed with Loan Application
1. Social security numbers.
2. Residence addresses for prior two years.
3. Names and addresses of each employer for prior two years.
4. Two prior years W-2s and current year-to-date pay stubs.
5. Prior 3 months checking and savings account statements.
6. Names, addresses, account numbers, balances and monthly payments on all open loans.
7. Addresses of other real estate owned by applicants.
8. Loan Information on other real estate owned by applicants.
9. Estimated value of furniture and personal property.
10. Check made payable directly to appraiser for appraisal.
11. If self-employed, see your loan officer for additional requirements.
12. Purchase agreement and listing sheets.
13. Copy of divorce decree & bankruptcy documents if applicable.
