| Personal and Employment Information |
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If self-employed or commissioned income: 1040s and all attached schedules for previous two year (corporate schedules if applicable) |
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Two consecutive pay stubs for most recent earnings, including year-to-date earnings |
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W-2 forms for most recent year |
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If using alimony/child support income, copy of divorce decree, financial stipulation and proof of income for three consecutive months |
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Social Security and pension award letters |
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General authorization form |
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| Credit and Liability Information |
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Name, address and account numbers of creditors along with current balance and monthly payments of all outstanding loans (including credit cards) |
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Copies of statements of any debt which you are planning to pay off |
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Written credit explanation of any current or previous credit problems (if applicable) |
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Information on any loans you have co-signed, or other obligations |
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Divorce decree and stipulations to verify debt obligations (if applicable) |
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Bankruptcy discharge and schedule of debts (if applicable) |
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| Other Information |
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If the property is a condominium, please have a set of the “condominium documents,” current operating budget, minutes from last two association meetings, name and telephone number of management company and any other pertinent information |
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A construction loan requires one complete set of plans (not larger than 8-1/2” x 14”), specifications, a list of building materials and builder pre-approval |
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| Assets and Property Information |
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Last two month’s bank statement on all open checking and savings accounts; please provide all pages (Emerald Bank accounts do not need to be provided) |
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Verification of any liquid assets, such as stocks, bonds, mutual funds, IRAs, 401k plans, etc., and copies of most recent statement |
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Information on any other real estate being sold, such as a copy of sales agreement |
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Information on property to be retained (i.e., rental property), such as taxes, insurance and/or condo fees; include proof of rental income (i.e., tax returns) |
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| Property Being Purchased/Refinanced |
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Copy of existing deed |
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Real estate tax bill |
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Sales contract and listing sheet (applicable to purchase transactions only) |
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Copy of homeowners insurance bill (applicable to refinance transactions only) |
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Name and address of existing mortgage lender (applicable to refinance transaction only) |
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| Closing |
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Certified funds to close |
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Pre-paid insurance binder (covering 12 months) |
