Resources & Checklist

$350 application fee (excludes home equity applications)

If not self-employed:

• W-2s for the most recent two years
• Year-to-date income on two most recent pay stubs

If self-employed:

• 1099 for last two years with K-1 (if available)
• Last two years of individual & corporate tax returns (all schedules)
• YTD profit & loss (does not have to be accountant prepared)

If rental income, we need the past two years’ tax returns and current lease

Bank statement- most recent two months (all pages)

Gift letter completed and signed

One form of primary ID OR two forms of secondary ID

All of the items from the “All Home Loans” section

Copy of the fully executed purchase agreement with all addendums. Ensure it is signed and dated by all parties

Contact information for a Real Estate Agent if one is involved.

Homeowners insurance information (flood insurance needed if applicable)

All of the items from the “All Home Loans” section

A copy of the Mortgage Bank Statement for all loans on subject property

Copy of prior title work (could save money at closing)

Homeowners insurance information (flood insurance needed if applicable)

If improvements are being completed:

• Breakdown of the improvement(s)
• Materials cost list
• Drawings if expanding or adding
• All bids supporting the work

All of the items from the “All Home Loans” section

DO NOT START ANY WORK before your mortgage is filed unless you have permission (title insurance issue which could hold up your closing for up to 6 months)

Purchase contract for land or legal description of the property with new address

If refinancing, a copy of prior title work with legal description and settlement from title company

Completed building package including:

• Construction cost breakdown
• Materials list
• Blueprints
• ALL BIDS to support the completion of the project

Contract with builder (if applicable)

Homeowners insurance information (flood insurance needed if applicable)