LOAN APPLICATION CHECKLIST
Below is a generalized list of the documentation you will need for your pre-approval.
TO BE PROVIDED BY ALL BORROWERS:
- Valid driver's license or other government-issued photo identification (front & back.)
- Most recent two months statements from all asset accounts. (checking, saving, stock, mutual funds, IRA's, or other liquid asset accounts.)
TO BE PROVIDED BY W2 BORROWERS:
- Pay stubs for the past 30 days.
- W-2 forms for the past two years.
TO BE PROVIDED BY SELF-EMPLOYED BORROWERS:
- Copies of business tax returns for the past two years, including all schedules (both personal and business.)
- Most recent two years w2s &/or K-1 income statements.
TO BE PROVIDED DEPENDING ON YOUR SITUATION:
- For those divorced: A copy of the final decree, particularly the financial settlement page.
- Bankruptcy within the last 7 yrs: A copy of all documentation including the discharge.
- Documentation of additional income sources: For example, Pension awards letter, Social Security statements, Alimony, Retirement, or any other income sources.
- If you own real estate: Most recent mortgage statement(s), if not escrowed, the real estate tax bill, insurance declaration page, and HOA coupon statement.
- VA loan applicants: A copy of your DD-214 or Statement of Service.
DO'S AND DON'TS DURING YOUR LOAN PROCESS
DO'S
DO - Call your Loan Originator if you have any questions during the loan process.
DO - Keep all accounts OPEN & CURRENT.
DO - Call your Loan Originator if there are any significant changes to your credit.
DON'TS
DO NOT - Let anyone pull your credit.
DO NOT - Change jobs, quit a job or become self-employed.
DO NOT - Make any major purchases during the loan process (cars, furniture, TV's, etc.)
DO NOT - Make any LATE payments on ANY Accounts.
DO NOT - Make any large deposits into your bank accounts, outside of payroll deposits.
DO NOT - Change bank accounts.
DO NOT - Refinance installment loans or make new ones during the loan process.
DO NOT - Pay off any accounts in collection or contact creditors unless directed by your Loan Originator.
PREVENTING WIRE FRAUD
BE AWARE
You could lose your life savings to scammers
- Scammers hack into email accounts of businesses involved in real estate transaction.
- Hackers intercept the message and replace the title company account information with their own.
- Scammers may also send wire transfers requests from fake accounts that appear to be from a legitimate source.
- Wire transfers are NOT reversible.
PROTECT YOURSELF
- Never send private account information via uncryptic email.
- Do not click on suspicious links.
- Avoid using unsecured or Public WiFi networks.
- Do not trust the contact information in the email or click "Reply" to verify.
- Keep your virus and malware up-to-date and run regular system scans.
- ALWAYS call the title company before sending a wire transfer to confirm the instructions.
Get in Touch
Mortgage 1 Cape Coral
Two Locations:
4421 SE 15th Ave
Cape Coral, FL 33904
7910 Summerlin Lakes Dr. Ste. B
Fort Myers, FL 33907
Contact Us:
Phone: (239) 471-3696
Email: teamtracy@mortgageone.com
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