WHAT MAKES A SUCCESSFUL APPOINTMENT / LOAN

PLEASE help us save you valuable processing time by bring the following items to your loan appointment.

All Applicants

• Federal Income Tax Returns (complete with all schedules) for the last two years.
• W-2 forms for the last two years (1099's if commission or other source of income).
• Paycheck stubs for the last two consecutive pay periods.
• Employment history for the past five years, with dates, monthly income, addresses for verifications. (Any gaps in employment or changes in line of work or profession should be explained in writing.)
• Two months of recent statements for all checking, savings, money market, stock brokerage, IRA, company savings plan, and any other asset accounts. (We will need addresses, account numbers and balances.
• Recent statement(s) or payment coupons for any auto, student, personal or credit union loans. (We will need addresses, account numbers, balances and monthly payment amounts.
• A list of all active credit cards such as VISA, MasterCard, Macy's, etc. (We will need addresses, account numbers and balances.)
• A check to cover appraisal and credit report costs:
  

  Appraisal Cost:
  Single Familly Home/Condo	$395
  2 - 4 Units	$750
  non-owner occupied	$475
  Custom Estate homes where loan amount exceeds $650,000	$750
  Credit Report Costs:
  Husband/Wife	$50
  Individual	$50
  Self-Employed (if individual or husband/wife)	$140

New Purchase or Refinance/Equity Loan:

• Purchase contract, if new purchase
• Escrow information, if new purchase
• Year-end mortgage statement(s) with addresses and account numbers
• Front page of your homeowners insurance policy
• Notes on existing mortgages
• Final closing statement (HUD-1) if purchased less than two years ago
• Last twelve months of cancelled checks for your mortgage payments or rent or statements showing payments were made on a timely basis.

DO ANY OF THE FOLLOWING APPLY TO YOUR SITUATION?

Self-Employed / Incorporated / Partnership

• Year-to-date Profit and Loss Statement(s).
• Current Balance Sheet.
• Corporate Federal Tax Returns for the last two years (applies to a corporate and/or a major stockholder of a privately held company).
• Partnership Federal tax returns (1065) for the last two years.
• Partnership or Sub-S Corporate K-1's for the last two years (applies for all partnerships - limited and general).

• By-Laws and Articles of Incorporation.
• CC&R's
• Fidelity Bond
• Master Insurance Policy
• Current Budget
• Homeowners Association Certificate:
  1. Total number of units in the project.
  2. Total number of units sold, closed and pending.
  3. Length of time H.O.A. has been in control.
  4. Number of rentals vs. owner-occupied units in project.
  5. Number of unit owners that are 30 days or more delinquent.
  6. Any litigation in past two years.

• If receiving Social Security / retirement income:
• Copy of award letter.
• Copy of recent check or bank statement (if automatic deposit).
• If divorced, final settlement agreement and filing notice, all pages.
• If receiving child support/alimony. (NOTE: This income need not be revealed if you choose not to use it in qualifying for the loan.)
• Cancelled checks or bank statements for the last six months showing the same amount deposited.
• If you sold a home in the last twelve months, final closing statement (HUD-1).
• If you own rental properties, Rental Agreement(s)/Lease(s).