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Name,
social security number, age, current mailing address (no p.o. boxes), and home phone number: Residence
history for the past two years, lien holder on current home, fair market value, monthly mortgage payment and payoff balance,
if any. If you are renting, landlord info: Name, mailing address, phone number, and monthly rent expense.
Subject property information:
Mailing address if established, legal description including county, year of purchase,
original sales price, lien holder, monthly payment, and payoff balance, if any.
Current employment information:
Employment history for the past two years, address, phone number,
job title, type of business, years employed, and gross monthly income.
Current bank account information:
Bank name, account number, type of
account, and approximate balance. Also info on IRA’s, 401k, and stock information if you choose to
include these.
Credit
card information:
Creditor name, account number, monthly payment, and approximate balance.
Automobile information:
Type
of vehicle, fair market value, lien holder, monthly payment, and payoff balance.
Any other real estate information
if applicable:
Such as rental, investment properties, etc.
Necessary Documentation
Property:
(copies of the following)
Plans and specifications of home to be built - Builder’s contract,
when available
- Survey for subject lot
If lot is not currently owned: If
lot is currently owned: - Settlement statement when lot
was purchased
- If cash was paid for lot at time of purchase
- Release
of lien of lot was paid after closing
- Name, address and loan number of lien exists on subject
lot
Employment: (copies of the following)
If employed with less than 25% bonus or company ownership: - Last two years of W-2s
- Last thirty days of pay stubs
If self- employed,
commissioned, or 25%+bonus: - Last two years of personal
tax returns, with all schedules
- Last two years of corporate tax returns, with all schedules
- Profit and loss statement from date of latest tax return (self-employed only)
- Current
period balance sheet (self-employed only)
Assets (copies
of)
- Last three months of
bank and brokerage statements (all pages) and any quarterly statements require last two quarters
- Last
retirement statement, such as 401k, IRA, etc
- Deed for any real estate purchased for cash
release of lien for any paid real estate loans
- Lease agreement on any rental property
If the following apply: (copies of)
- Divorce decree to support child support paid or received
- Gift letter for any gift funds used for down payment of closing cost
- Settlement statement
for any homes sold in past two years
- A source of funds letter for any very large increase in bank
account balances
- Discharge of bankruptcy for any bankruptcy less than seven years old
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