Mortgage Loan Application Checklist

 

Settlers best Credit Union wants to make your home loan aplication process as efficient and painless as possible.
To help you, here's a checklist of information you'll need for the application.

Information About You:

• Copy of your Driver's License or other government issued photo I.D.

• 2 years of W-2's

• Paystubs covering the last 30 days

• Last two months of bank statements for checking and savings - all pages

• Most recent quarterly copies of 401(k), pension, and/or other investment account statements - all pages

Information About the Home:

• Copy of accepted Offer to Purchase, include amendments, counter offers, and Property Condition Report

• Homeowner's Insurance Declaration Page

• Homeowner's Insurance one year paid receipt, or invoice if paying at closing

For new construction

• Construction contract, blueprints, and bid specifications

• Purchasing the Lot: copy of Offer to Purchase

• Own the Lot: Copy of Closing Disclosure from date of purchase

Special Circumstances:

• Selling your present home: copy of the listing contract, accepted Offer to Purchase, and Closing Disclosure at time of sale

• Self-employed or Commission-based pay: 2 years of personal and business tax returns with K-1s

• Newly employed or job relocation: copy of signed Offer of Employment

• Divorced: copy of divorce decree and proof of receipt of child support, alimony and/or spousal support

• Own investment property: copies of current rental leases

• Proof of military status/service: DD214, Copy #4

• Receiving an award: copy of award letter (social security, unemployment, social security disability)