Overview of the Loan Process

Required Documents - Basic Information needed for every type of loan.

If you are salaried: Provide two years W-2 and one month of pay stubs:

• If you are self-employed: Provide two years tax returns and an YTD profit and loss statement.
• If you own rental property: Provide rental agreements and two years tax returns.
• Provide a copy of divorce decree if applicable.
• If you are NOT a US citizen, provide us with a copy of your green card (front & back), or if you are NOT a permanent resident provide us with your H-1 or L-1 visa
• Pay Stubs covering the last (30) thirty days
• Most recent three months bank statements.
• Most recent transaction summary of 401K, IRA, or Mutual Fund Accounts
• Photocopies of any stocks or certificates of deposits
• If you are currently renting either 12 months canceled rent checks or the name and address of your current landlord.
• A letter of explanation for any known credit problems

If you are buying or refinancing a home:

• If you wish to speed up the approval process, please also provide three months bank statements for each bank, stock and mutual fund account.

• Provide recent copies of any stock brokerage or IRA/401K accounts that you may have.

• If you are requesting cash out refinance please provide a letter explaining what you plan to do with the proceeds.
  

If you are applying for a home equity loan:

• Please provide a copy of the note on your first mortgage. This will normally be found in your closing loan documents.

• Please provide a signed letter explaining what you plan to do with the proceeds.

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