INFORMATION NEEDED FOR LOAN APPLICATION(By Borrower and Co-Borrower)
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Checking, Savings, CD's, Money Market and IRA Accounts
- names and addresses of institutions
- account numbers
- balances
- copy of checking account statement
Loans (car loans, mortgages, student loans, credit union loans, etc.)
- names and addresses of creditors
- monthly payments and balances
- account numbers and purpose of loan
Credit Cards
- card name and name of bank that issued card
- account numbers
- monthly payments and balances
Employment Information
- names and addresses of all employers for 2 full years (past and present) with dates
of employment.
- Letter explaining gaps or recent changes in employment
- W-2's for last 2 years
- recent pay stubs
Self-Employed
- past 2 years personal tax returns
- past 2 years corporate or partnership tax returns
- year to date profit and loss statement
Real Estate Owned
- value of property (appraisal or tax appraisal)
- lease agreement with terms
- names and addresses of lenders
- monthly payments, balances and account numbers
Personal Assets
- year, model and value of cars
- cash value of life insurance
- stock and bonds value
- value of furniture, jewelry, etc.
Contract of sale on home being purchased
Listing on home being purchased
Contract of sale on present home being sold if applicable
Divorce decree/separation agreement if applicable
Appraisal and credit report fee
Relocation letter from employer regarding payment of expenses
If renting, landlord's name, address & phone number
Driver's License
Social Security No.
DD214 - Certificate of Eligibility
Source of Funds Letter (Gifts)
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