|
Faxing
to your lender a copy of: |
| 1. |
Your
most recent 30 day pay stubs (your social
security number must be on your paycheck) |
| 2. |
Faxing
a copy of your two most recent checking
and savings account statements |
|
Your
lender can then: |
| 1. |
Obtain
a copy of your credit report |
| 2. |
Determine
which (if any) of the following normal
loan processing information will be
needed based on your credit scores |
| 3. |
If
your credit score is high enough, they
can approve you the same day, contingent
only on a satisfactory appraisal evaluation |
|
Normal
information needed to process your loan
application includes |
| 1. |
Past
two years w-2's & most recent 30
day pay stubs |
| 2. |
Past
two years payment history for landlord/mortgage
payments |
| 3. |
Past
two years employment information |
| 4. |
Real
estate contract (faxed to lender by
Bob Northern & Company once the
contract is accepted) |
| 5. |
Bank
name, checking and saving account numbers
& balances or copies of most recent
two months statements |
| 6. |
Other
asset account locations, account number(s)
and balance(s) or copies of last two
months of account statements |
| 7. |
Open
loans-names, addresses, account numbers,
balances and monthly payments |
| 8. |
Loan
information on any other real estate
owned |
| 9. |
Certificate
of eligibility for veterans or DD-214 |
| 10. |
Check
for credit report and appraisal |
| |
| • |
Credit
report: approximately $50.00
per person or approximately
$50.00 for a married couple |
| • |
Conventional
appraisal fee: $350.00 |
| • |
FHA
appraisal fee: approximately
$400.00 |
• |
Veterans
administration appraisal fee:
$350.00 |
|
11. |
Self-employed:
last year’s tax returns with schedules,
YTD P&L’S |
12. |
Divorce
decree: to document court ordered child
support payments or income |
13. |
Bankruptcy
discharge: to include full set of papers |
| |
(Please
note all amounts listed as approximates
are estimates only and may vary up or
down) |
