• A copy of a recent paycheck stub for all applicants.
• Copies of the last two year's W-2 for all applicants.
• If self employed, a signed copy of your last two year's Federal Tax Return with all schedules.
• If using rental income, a signed copy of last two year's Federal Tax Return with Schedule E, signed leases, or tenant-at-will statements.
• A copy of your most recent property tax bill showing assessed value.
• A copy of your recorded property deed.
• A copy of your mortgage statement showing outstanding balance and monthly payment.

Please note that an appraisal may be required if the loan request is greater than $50,000.00, or if the tax-assessed value is insufficient for the amount requested.

Income

• Paycheck stubs for last four consecutive week 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)

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

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.

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.

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.

Condominiums

• Master Deed
• Trust & By-Laws
• Budgets for last two years and year-to-date budget

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.