Information Needed for Mortgage Application

1. Names and Social Security numbers of borrower and co-borrower.
2. Current Address.
3. Former address if less than two years at current address.
4. Address of property to be mortgaged.
5. Number of units in the property (single family, 2, 3, or 4 family ).
6. Purchase price of the property.
7. Mortgage Amount.
8. Number of years (term) of loan.
9. Source(s) of down payment and settlement charges.
10. Assests :
    1. Bank Accounts and/or credit accounts - addresses, if out - of -state, account numbers and current balances.
    2. Approximate value of household furnishings.
    3. Make and model of automobile and current value.
    4. Stocks and bonds - verification required if they are to be cashed and used for down payment or closing costs.
    5. Cash value of life insurance and most recent statement for money fund accounts (only if they are to be used for down payment or closing costs).
11. Liabilities :
    1. Current mortgage account number, name and address of lender, approximate balance and amount of monthly payment.
    2. Name and addresses of all credit accounts with account number, monthly payment, and outstanding balance.
12. Employment :
    1. Gross monthly income - base pay, commissions, auto allowance, expense account, bonuses (if commission income, copy of W-2 form or tax return required) .
    2. Name and address of employers for past two years
    3. Number of years in present line of work and number of years in current job
    4. If self-employed , tax returns for past two years and/or current audited financial Statement.
13. An account, in writing, of any problems on application such as late payments on loans and credit cards or lapses in employment.
14. Copy of signed Real Estate Agreement.