| Information needed at Loan Application |
| 1) | W-2 (2-years) & Current Pay Stubs, Self-Employment or 1099
– Last 2 years tax returns |
| 2) | Landlord name/ Telephone
– Last 2 years |
| 3) | Employer name/ Address/ Telephone
– Last 2 years |
| 4) | Asset Information
– Past 2 month’s statements where your funds to close Escrow are |
| 5) | Information on Stocks/ Bonds/401K, etc. |
| 6) | Name and telephone number of Realtor |
| 7) | Name and telephone number of Escrow |
| NOTE: | The above is for fully documented loans. Reduced documentation and stated income loan requirements vary. Please call for complete details |
| The Home Loan Process |
| 1) | Pre-qualification/ Pre-approval (Credit Report Run) |
| 2) | Formal Loan Application Taken |
| 3) | Escrow and Title Ordered |
| 4) | Appraisal Ordered |
| 5) | Income and Asset Information Verified |
| 6) | Complete Loan Package Submitted TO Underwriter |
| 7) | Loan Approved |
| 8) | Obtain and Forward to Underwriter any additional items that may be required |
| 9) | Interest Rate Locked |
| 10) | Loan Documents Ordered and Sent To Escrow |
| 11) | Loan Documents Signed by Borrower(s) |
| 12) | Final Pre-Closing Conditions Sent To Lender |
| 13) | Loan Funds Wired to Title |
| 14) | Loan and Grant Deed Record, Close of Escrow |
