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GENERAL
Name of borrower(s)
Current address, (if less than 2 years, provide previous address)
Social Security number(s)
Employment
- Employer name
- Employer mailing address (for
verification of employment)
** If less than 2 years of continuous employment, provide name and
address of previous employer **
- List of assets including all real and
personal property
- Bank accounts: type, bank name,
address, account #, balance
- Stocks and bonds: number of shares,
name, current market value
- Life insurance: company, face amount,
cash value
- Real estate: description, address,
current value, amount of liens, income and expenses
- Personal property: furniture, jewelry,
automobiles, collections and estimated value
List of liabilities
- Credit card(s): name, address, account
number, outstanding balance
- Installment loan(s): name, address,
account number, outstanding balance
- Mortgage loan(s): name, address,
account number, outstanding balance
- Other amounts due: name, address,
account number, outstanding balance
Required Documents
- Signed Purchase and Sales Agreement
with addendums
- Copy of deed or legal description of
property
Title reference: Registry __________, Book _____, Page# _____
- Property tax bill
- Survey or plot plan (if available)
- Condominium, PUD, PRD or cooperative
documentation
- Listing sheet
- Name, address and telephone number
of both listing broker and selling broker
Special Documents
- If you are self-employed, seasonally
employed, commissioned or rely upon rental or dividend income, you
will be required to provide two (2) years of signed Federal Income
Tax Returns (including all schedules).
- If you receive or pay alimony or child
support, you will be required to provide a copy of the divorce
decree, maintenance agreement, copy of support checks for twelve
(12) months, and two (2) years income tax returns.
- If any part of the down payment is
borrowed or a gift, you will be required to disclose the terms of
the financing or present a gift letter from the donor.
- If you are owner, co-owner, partner,
trustee or investor in a copy, partnership or trust, you will be
required to provide corporate or appropriate tax returns to verify
income.
- Since each loan application is unique,
other specific information may be required. If you are aware of any
facts which materially affect your income or ability to support the
loan, be prepared to provide detailed information or documentation
to the lender.
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