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

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Here is a start list of the information we will use to consider your loan application with us.

For all loans

Name, Address, Phone, Email (if available), Social Security Number, for borrower and co-borrower if any

Employment History
Last two years 1040 Federal Tax Returns (all schedules, no State), employment dates, addresses, salary.
Current pay stubs, last two years W-2 forms.

Two months comlpete bank statements (not web shots) for Checking and/or Savings Accounts and Certificates of Deposit
(used to verify down payment and closing costs); 

Automobiles
Make and model of automobiles, their resale value

Liabilities and Other Non-Mortgage Debt
Creditors names, addresses, account numbers
Monthly payments and balances (will be included from credit report)

Other income information you may 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 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

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

If you rent

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

If you're 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.
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

Main Street Mortgage / HUD Approved Division First Priority Financial

CADRE#00654852;NMLS ID#3257

 

 



 
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