MORTGAGE APPLICATION CHECKLIST

CNB is committed to giving you an answer on your loan application with 15 business days following receipt of all required documents. Follow the CNB checklist to ensure your application meets all requirements and is processed quickly.

INCOME

 

Paycheck stubs for last four-week (consecutive) period

W2 forms – last two years

If self employed:

   • Federal tax returns for the last two years, signed, with all schedules attached

   • Year-to-date Profit and Loss Statement prepared by an accountant

   • Corporate returns for last two years (If applicable)

 

 

 

REAL ESTATE OWNED

 

Copy of coupon or statement from any lien holder

Copy of most recent tax bill

Copy of front page of homeowners insurance policy

Copy of leases or tenant at will agreements or federal tax returns including

  Schedule E showing rental income.

 

 

 

FOR PURCHASES

 

Copy of check given to broker for deposit

Copy of purchase and sale agreement signed by all parties

If purchase and sale agreement is not available - copy of accepted offer form

   and listing sheet.

 

 

 

FEES

 

Please submit a check for the appraisal and credit report fees.

Contact your mortgage representative for exact amount.

 

 

 

RATE LOCK FEE

 

Contact your mortgage representative for details and amount required to

lock in the rate.

 

 

ASSETS

 

Copies of last three months' bank statements, including:

Savings

Checking

Money Market

Mutual Funds

Stocks

Bonds

IRAs

401(k)s, etc.

Passbook account – copy of cover and all pages

 

 

 

DEBT

 

If there are balances – copy of most recent credit card statements

Copy of coupon or recent statement on:

   School loans

   • Auto loans

   • Personal loans

If required to pay alimony or child support - copy of divorce decree

  or separation agreement

If presently renting - copies of the last 12 months' cancelled rent

  checks copied front and back.

 

 

 

CONDOMINIUMS

 

Master deed

Trust and by-laws

Budgets for last two years and year-to-date budget

 

 

 

 

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