FULLY COMPLETED Application (1003 Application)

 List of all debts & assets – name, address, account number, balance, and minimum payment for each. (This information will go on page 2 of the 1003 application)

  W2’s for last two years for each employed borrower (Tax returns showing taxable income for self-employed borrowers)

 2 most recent paycheck stubs for each person.

  3 months of most recent primary checking account statements.

  Account statements (most recent) for any investment accounts. (IRA’s, CD’s, 401K’s, Bonds, etc.)

  Home owner’s insurance information – Name of Insurance Co., agent’s name, address, phone number, and policy number.

  Current mortgage holder – name, address, phone number, and account number, balance, and payment. (Usually a copy of statement will due)

  If refinance: “Purpose of Refinance” letter. (Short letter stating why you are refinancing eg. Lowering interest rate or debt consolidation)

  If second mortgage: copy of “Note” or “Promissory Note” on first mortgage.

 Check for credit report made payable to Information Network - $30.00.

 Letter of explanation of derogatory credit.

 Appraisal paid at the door - $400.00 fee (we won't order the appraisal until you've   qualified.

Important: Please continue to make scheduled payments on all debt, including mortgage payment, until after signing and funds are released. Please call your loan officer.

Note: If there are questions, please ask. Getting the correct information will ensure timely processing of your loan and will eliminate confusion or delays. Thank you and we look forward to serving you!

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