Below is the list of documents you may need to apply for Purchase loan:
Home Loan Timeframe.
- Up to 4 week.
Home Loan Closing costs.
- Closing costs range between 0 and 3 % of loan amount.
- No cost option is available for some customers.
The DO-NOT's!
- DO NOT transfer any funds without talking to your Loan Officer
- DO NOT accept Gift Money from anyone. This is a process that needs to first be discussed with your Loan Officer
- DO NOT open any new credit cards or purchase Autos or furnishing for the home! If you have recently opened a new account please disclose this to your Loan Officer
Documents needed for Purchase Loan.
- Purchase Agreement
- W-2 for the previous 2 years
- Paystubs covering 30 days period
- Drivers License or Government-Issued ID
- 2 most recent bank statements on all depository accounts to be used for Deposit, Down Payment and Final Closing Costs
- Personal tax returns for the previous 2 years if self-employed (25% or more ownership - see below)
+ Self Employed Borrowers only:
- Business tax returns for the previous 2 years
- Business Licenses covering a 2 year period
- 2 Years K1s, W2's as applicable
+ If Applicable:
- Disability Award Letter
- SSI Award Letters
- Pension Award and Continuance Letters
