The following information is usually required during the loan process.

• Credit report (if applicable)

Assets:

• Bank statements for the past two months
• Investment account statements for the past two months (if applicable)
• Retirement account statements for the past two months (if applicable)

Liabilities (as applicable):

• Credit card account information, including balance & monthly payment
• Auto loan account information, including balance & monthly payment
• Personal loan account information, including balance & monthly payment

Income:

• Current pay stubs and W2, or if self-employed, past two years of tax returns

If you currently own Real Estate:

• Mortgage account information, including balance & monthly payment
• Home equity account information, including balance & monthly payment (if applicable)
• Home insurance policy information

Additional documents that might be requested

Commonly requested items during processing that may not have been collected during the application include:

• Updated account statements for listed assets in the application that may have changed in value.
• Information about debts or credit report items that may have been delinquent or not accurate.
• Evidence of your mortgage or rental payments, such as canceled checks.
• An irrevocable gift letter if you are receiving a monetary gift from a relative.
• The processor is collecting this information before presenting it to an underwriter. An underwriter reviews all the information in your loan file to determine if the application meets the approval guidelines. With approval, we will provide you with a letter of commitment, which is a promise from us to make a loan based on specific terms and conditions.
• Getting a mortgage approved for your new or existing home might seem like finding your way through a financial maze. There are hundreds of available loan programs being offered from thousands of mortgage brokers, bankers, lenders, finance companies, credit unions, even stock brokerage firms.