Purchase
If you are buying or refinancing a home
Full Documentation:
If you are salaried employee provide the following
1. Two years tax returns with W-2's and one month of paystubs.
2. If you own rental property, please provide rental agreements and two years tax returns.
3. Two months bank statements for each bank, IRA/401k, stock and mutual fund account.
4. Copy of signed purchase contract.

If you are self-employed:
provide two years tax returns, business license or CPA letter and a YTD profit and loss statement.
Limited Documentation:
1. Two months bank statements for each bank, IRA/401k, stock and mutual fund account.
2. Copy of signed purchase contract.

If you are applying for a home equity loan
1. Please provide a copy of your most recent mortgage statement and/or a copy of your current mortgage note. This will be found in your loan closing documents.
2. A copy of your current home owners insurance policy.
Full Documentation:
If you are salaried employee provide the following
1. Two years tax returns with W-2's and one month of paystubs.
2. If you own rental property, please provide rental agreements and two years tax returns.
3. Two months bank statements for each bank, IRA/401k, stock and mutual fund account.
4. Copy of signed purchase contract.

If you are self-employed: provide two years tax returns, business license or CPA letter and a YTD profit and loss statement.
Limited Documentation:
1. Two months bank statements for each bank, IRA/401k, stock and mutual fund account.

Obtain Loan Approval
Once your loan application has been received we will start the loan approval process immediately. This involves verifying your:

1. Credit history
2. Employment history
3. Financial assets
4. Property value

Based on your specific situation, additional documents or verifications may be required. To improve your chances of getting a loan approval:

1. Fill out the loan application completely.
2. Respond promptly to any requests for additional documents. This is especially critical if your rate is locked or if you plan to close by a certain date.
3. Do not make any major purchases. Do not buy a car, furniture or another house till your loan is closed. Anything that causes your debts to increase might have an adverse affect on your current application.
4. Do not move money into your bank accounts unless it can be traced. If you are receiving money from friends, family or other relatives, please contact us.
5. Do not go out of town around the closing date. If you do plan to be out of town when your loan is expected to close, you may sign a power of attorney, to authorize another individual to sign on your behalf.

Close the Loan
After your loan is approved, you will be required to sign the final loan documents. This will normally take place at the bank attorneys office. Be prepared to:

1. You may need to bring a cashiers check for your down payment and closing costs if required. Personal checks are normally not accepted.
2. Review the final loan documents. Make sure that the interest rate and loan terms are what you were promised. Also, verify that the name and address on the loan documents are accurate.
3. Sign the loan documents.
4. Provide photo identification.

Your loan will normally close shortly after you have signed the loan documents. On refinance and home equity loan transactions federal law requires that you have 3 days to review the documents before your loan transaction can close.