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Mortgage Application Checklist

Mortgage Application Checklist

December 1st, 2014 | Loan Application

Mortgage Application Refinance Checklist


Personal Identification
   Legible copy of Drivers License (front and back; enlarged 150%))
   Legible copy of Resident Alien Card if not a U.S. citizen (front and back; enlarged 150%)
   
Present Property
   For a refinance, Current Mortgage Statement showing current principal balance
   Copy of Homeowners Insurance Declaration Page with insurance agent’s contact information
   Copy of present Owners Title Policy from previous purchase or refinance, which may entitle
      you to a discounted “reissue” rate
   
Employment & Income
   W-2s or 1099s for the past two years

   Most recent pay stubs covering 30 days of employment.  Must include employer’s name and
       year-to-date income
   Name and phone number for the person who verifies your employment at work
   Divorce decree and evidence of 12 months proof of receipt of payment for child
       support/alimony (required if income is needed for income to qualify)
   For retirement  or social security income - a copy of the  annual disbursement/distribution
       statement and most recent 2 years 1099 statements received
   Leases for current rental properties owned
   Diploma or transcript if full-time student during past two years
   If self-employed or you have rental, commission or other variable income - two years signed
       Federal tax returns
   If self-employed -  year-to-date profit and loss statement if returns do not cover the previous
       quarter
   Federal Corporate or Partnership tax return for entities which you have over 25% ownership

Assets & Liabilities
   Last two statement(s) for all bank, stock and retirement accounts (ALL Pages received)

   Name and address for any private mortgages or outstanding loans not reporting to credit file
   Copy of divorce decree or separation agreement for alimony or child support paid

Give 1 STOP Mortgage a call at (901) 388-1588 should you need clarification on any of the above items!  We're here to Help!

 

Serving the Great Mid-South Region
Offices: 901-388-1588 or 901-476-9100 | Toll-Free: 
888-580-1588 | Fax: 901-388-6202 | Email: info@1stophomeloans.com
1 STOP MORTGAGE | NMLS#215671 | TN Lic#108931 | 5909 Shelby Oaks Dr, Suite 129, Memphis, Tennessee 38134