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Mortgage Knowledge Base FAQs What counts in a loan application process ?

What counts in a loan application process ?

For a speedy processing of mortgage loans, a borrower is required to furnish following details in his loan application. They are as following:

  1. A signed copy of purchase contract.
  2. Credit report.
  3. Earnings statement. This includes:
    • W-2 forms
    • Tax returns for past two years.
    • Recent pay stubs.
  4. Profit and loss statements.
  5. Additional income. This includes:
    • Social security
    • Over time bonus
    • Commission
    • Interest income
  6. List of bank account numbers
  7. Address of the bank branch
  8. List of savings bonds
  9. Lists of stocks or investments and their approximate market values.
  10. Copies of titles to any motor vehicles that are paid in full.

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