Application Checklist

At this stage, you have found your dream home or decided to refinance the loan on your existing home and with the assistance of your Mortgage Consultant, you have selected a loan program. Now your Mortgage Consultant will help you fill out a loan application.

The loan application provides information the lender needs to decide if you are able to meet the mortgage payments and if the property is enough security for the loan. You will provide information about your marital status and home, your work and employment stability, your monthly income and expenses. You will also list your assets (bank accounts, investments, retirement accounts, real estate, cars, and other holdings), and your liabilities (loans, credit card debt, and other expenses).

So that you can make a complete and accurate loan application, your Mortgage Consultant will ask you to supply the following documents:

• 1. Most recent pay stub plus prior year’s W-2 form, or if self-employed, a complete copy of your last year’s tax return,
• 2. Most recent bank statements,
• 3. Copy of last month’s investment statements, and
• 4. Purchase and Sales Agreement if you are purchasing a home.