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 will only use it for that purpose. Mortgage lenders are bound by federal law to keep your information secure.
Here is a list of the information that may be needed to consider your loan application. (This will vary depending on your loan type and credit profile.)
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 (Not if it's a Stated Income Loan)
Checking and Savings Accounts and Certificates of Deposit
Location of bank accounts, account numbers and balances
Last 3 months' statements (Not if it's Stated Assets Loan)
Stocks, Bonds, and Investment Accounts
Last 3 months' statements or copies of stock certificates (Not if it's a Stated Assets Loan)
Life Insurance Policies
Insurance company, policy number, face amount, cash value, if any
Retirement Plan
Approximate vested interest value
Copy of latest statement
Automobiles
Make and model of automobiles, their approximate resale value
Other Assets
Approximate value of personal and household property
Monthly rental income, if any
Monthly payments and balances for each property
If you've sold your home but not closed:
A copy of the sales contract
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
Name, address and phone number of landlords for the past 24 months
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