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

 

  • Employment History
    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 3 months' statements

 

  • Stocks, Bonds, and Investment Accounts
    Broker's name and address, description of stocks, bonds, etc.
    Last 3 months' statements or copies of stock certificates

 

  • Life Insurance Policies
    Insurance company, policy number, face amount, cash value, if any

 

  • Retirement Plan
    Approximate vested interest value
    Copy of latest statement

 

  • Other Assets
    Market value of personal and household property

 

  • Liabilities and Other Non-Mortgage Debt
    Creditors names, addresses, account numbers
    Monthly payments and balances

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.
    Current balance sheet and profit and loss statement if more than two months into the new fiscal year, signed by CPA.
  • If you have income from:
    Commission
    Overtime
    Bonus
    Partnership
    Rental Property
    Trust
    Notes Receivable
    Interest/Dividends
    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 it is a financial obligation.

If you own real estate

  • If you've sold your home but not closed:
    A copy of the sales contract and final HUD  
  • 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 is a gift:
    Name, address and relationship of donor.
    Gift funds will be verified in both the donor and recipient's accounts.
    Note: Not all loan programs allow gifts to be part of your down payment.
  • For FHA 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



Portions Copyright © 2018 Pipeline ROI, LLC
Another website by Pipeline ROI.  | Admin Login | Terms of Use | Site Map