~ INFORMATION NEEDED AT TIME OF LOAN APPLICATION ~
- 2 Year History of Address – Rented or Owned.
- 2 Year History of Employment – Include Names of Companies & Addresses.
- Gross Monthly Income for both Husband & Wife (before taxes):
· Monthly Salaries
· Commissions
· Car Allowance & Expenses
· Bonuses
· Pensions
· Social Security or Disability Income
· Interest & Dividend Income
· Other Income
· Self-Employment Income (if self-employed, bring 2 years of Income Tax returns & a current operating statement and balance sheet)
- Social Security Numbers (Husband & Wife).
- Home & Business Telephone Numbers.
- A Current Listing of Assets:
· Cash on Hand & in Banks with All Bank Account Numbers
· Stocks & Bonds
· Vested Interest in Retirement & IRA’s
· Cash Value of Life Insurance Policies
· Automobiles & Vehicles
· Approximate Value of Furniture & Personal Property
· Other Assets (Boats, Motorcycles, Campers, Coins Collection, etc.)
· Real Estate Owned
- A Current Listing of all debts with account numbers (include charge cards) & Show monthly Payments and Balances Due.
- Previous Credit References – If Needed.
- Divorce Decree & Child Support Ledger – If Applicable.
Most Lenders require that $350 be paid at the time of the interview to pay the cost of the Credit Report & Appraisal.
