Anything you submit over our website is 100 percent, fully secure. And we never, ever share it with anyone except by permission -- that is, if you're giving us information you want us to use to get you the best loan, we use that information to tell mortgage lenders about you and convince them to loan you money. In turn, those mortgage lenders are bound by federal law to keep your information secure.

Here is a list of the information mortgage lenders will use to consider your loan application.

1. Identifying information (for credit report and Patriot Act)

Social Security Number, for borrower and co-borrower if any, as well as a copy of driver's license(S) or other photo ID.

2. Employment History

We need to verify at least 2 years employment history. In order to document the income, we will need paystubs (one month equivalent) and copies of W-2 for the last 2 years. If self employed, we will need copies of complete tax returns for 2 years.

(If you don't want to provide this information, we can quote you a NO INCOME VERIFICATION or a NO DOC type loan)

  3. Assets - We must verify the source of the down payment and closing costs.

As such, we will need last 3 months' bank statements (or CD certificates, investment accounts, etc.).  In case you're receiving a gift from a blood relative for the down payment and/or closing costs, we will need them to fill out a gift letter AND provide a copy of a bank statement evidencing they have funds to give to you as a gift. 

(If you don't want to provide asset information, we can quote you a NO INCOME / NO ASSET or a NO DOC type loan).

   4.  Credit

We will obtain a credit report from the 3 major national depositories to evidence your current liabilities and credit history.  Fannie Mae (FNMA) and Freddie Mac (FHLMC) type loans require a 620 credit score or above. 

Loans that do not require income or asset information demand higher credit scores.  While the required credit scores are "program specific", a good benchmark would be scores > 680.

If you're self-employed
Two years tax returns, profit and loss statements, both company and personal if separate.
Current balance sheet and profit and loss statement if more than two months into the new fiscal year, signed by CPA.

If you have miscellaneous income from:
Commission
Overtime
Bonus
Partnership
Rental Property
Trust
Notes Receivable
Interest/Dividends
You'll need two years' personal federal tax returns

If employed in family business
Personal federal income tax returns and all schedules for the past two years

If divorced or separated
Complete executed divorce decree and settlement agreement
Payment history of alimony/child support over the past 12 months, if it is a financial obligation.
If you choose to have this be considered as part of your income (you don't have to), be prepared to provide 12 months canceled checks or bank statements reflecting income deposits.

Name and address of all mortgage lenders for the past 24 months, account numbers, monthly payments and balances

If you've sold your home but not closed:
A copy of the sales contract

If you've sold your home, closed, and you will use the proceeds for your new down payment:
A copy of the HUD-1 Uniform Settlement Statement

Name, address and phone number of landlords for the past 24 months

Purchase sales contract or offer to purchase and all addenda
Furnish contract with original signatures of buyer and seller

If a source of your down payment is a gift:
Name, address and relationship of donor.
Gift funds will be verified in both the donor and recipient's accounts.
Note: Not all loan programs allow gifts to be part of your down payment.