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Helpful Information
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for the Loan Application Process
The following items will generally
be needed to process an application. |
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Employment
- Addresses for two full years
- Gross monthly income
- W-2's, if available
- Proof of pensions, retirement, disability or
Social Security
- Proof of income from rentals, investments, etc.
- Proof of child support or alimony paid/received
- Year to date pay stub
- If self-employed: Two years 1040 Tax Returns,
current year profit and loss statement
Creditors
- Each creditor's name, address, and type of account
- Account numbers
- Monthly payments
- Amount of child care expenses
Banking
- Names and addresses of saving institutions
- Account numbers for all accounts
- Type of accounts and present balances
Miscellaneous
- List of assets in stocks, bonds, land
- Life insurance cash value (documented if used
as cash down payment). If applicant is selling a home, a copy of sales
contracts
- Social Security numbers for all parties
- Veterans - Certificate of Eligibility DD-214
- Cash or check to pay for application fee
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