BE PREPARED
When You are ready to apply, please be prepared to provide the following application and property information:

Your Property

• Copy of signed sales contract including all riders, if a home has been selected

• Names, addresses and telephone numbers of all Realtors, builders, insurance agents and attorneys involved

• Copy of Listing Sheet and legal description if available (If the property is a condominium please provide condominium declaration, by-laws and most recent budget)

Your Income

• Copies of your pay stubs for the most recent 30-day period

• Copies of your W-2 forms for the past two years

• Names and addresses of all employers for the last two years

• If self-employed or receive commission or bonus, interest/dividends, or rental income - provide full tax returns for the last two years PLUS year-to-date Profit and Loss Statement (Please provide complete tax return including attached schedules and statements. If you have filed an extension, please supply a copy of the extension)

• K-1's for all partnerships and S-Corporations for the last two years (Please double-check your return. Most K-1's are not attached to the 1040)

• Completed and signed Federal Partnership (1065) and/or Corporate Income Tax Returns (1120) including all schedules, statements and addenda for the last two years. (Required only if your ownership position is 25% or greater)

• If you will use Alimony or Child Support to qualify - provide divorce decree/court order stating amount, as well as, proof of receipt of funds for last year

• If you receive Social Security income, Disability or VA benefits provide award letter from agency or organization

Source of Funds and Down Payment

• Sale of your existing home - provide a copy of the signed sales contract on your current residence and statement or listing agreement if unsold (at closing, you must also provide a settlement/Closing Statement)

• Savings, checking or money market funds - provide copies of Bank Statements for the last 3 months

• Stocks and bonds - provide copies of your statement from your broker or copies of Certificates

• Gifts - If part of your cash to close, provide Gift Affidavit and proof of receipt of funds

• Based on information appearing on your application and/or your credit report, you may be required to submit additional documentation

Debt or Obligations

• Prepare a list of all names, addresses, account numbers, balances, and monthly payments for all current debts with copies of the last three monthly statements

• Include all names, addresses, account numbers, balances, and monthly payments for mortgage holders and/or landlords for the last two years

• If you are paying alimony or child support, include marital settlement/court order stating the terms of the obligation

• A Check to cover Application Fee(s). Telephone your Mortgage Specialist for the exact amount.