Information required on a loan application - Todd Dawkins, www.MortgageCreditCare.com

What information will be needed for the application (and how it's kept private)

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.

For All Loans

Social Security Number - for borrower and co-borrower.
Employment History - For the last two years, employment dates, addresses, salary. (Current pay stubs or W-2 forms.)
Check and Savings Accounts and Certificates of Deposit - Name of Bank, account numbers and balances; (Last 2 months' statements)
Stocks, Bonds, and Investment Accounts - Brokerage name and Last 2 months' statements or last quarterly statement, cash value of Life Insurance Policies if any.
Retirement Plan - Approximate vested interest value, Copy of latest statement.
Automobiles, Boats etc. - Make and model of automobiles, their resale value.

Other Income Information You Might Need

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 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.

If You Own Real Estate

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.
If you own rental property - Addresses, leases and expenses (if not on tax return)

If Your Buying a Home

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. Check with me prior to recieving gift funds.
Note: Not all loan programs allow gifts to be part of your down payment.

For FHA Financing - Evidence of Social Security Number and photo identification

For VA Financing - DD214 and Certificate of Eligibility

For Construction/Perm Loan - Signed construction with cost breakdown, builder plan and specifications

Todd Dawkins
  www.MortgageCreditCare.com
2424 North Federal Highway; suite #415
  Boynton Beach , FL  33435
By Phone: 561-714-5541 (Office)
By Fax:     561-739-8333 (Fax)
By e-mail: ToddDawkins@gmail.com

Home , First Time Home Buyers , FHA and VA Purchases and FHA Streamline Refinance, Jumbo Loans , Reverse Mortgages and HECM for Purchase Program , FREE Loan Modifications ,

Todd Dawkins
  www.MortgageCreditCare.com
2424 North Federal HWY, suite #415
  Boynton Beach , FL  33435
By Phone: 561-714-5541 (Office)
By Fax:     561-739-8333 (Fax)
By e-mail: ToddDawkins@gmail.com