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Information you'll need to have when applying for a loan
- Complete name, birth date, Social Security number, and years of school of applicant/co-applicant.
- Home telephone number and present address (if present address Is less than two (2) years, need former address or landlord and his address to cover two (2) consecutive years.)
- Landlord or mortgage company - name, address, amount of rent or mortgage payment, current utility expense excluding telephone.
- Present employer - name, address, phone number, length of employment, your position, and salary. Same applies to co-applicant.
- If you have been employed less than two (2) years, need previous employers and addresses to cover two (2) consecutive years.
- Other income needed to qualify that must be verified: interest, dividends, retirement, social security, rental income, veteran's benefits, alimony and/or child support, other sources of income.
Assets
- Earnest money deposit - copy of front/back of canceled
check
- Cash on hand
- Bank accounts: Need name, branch, address, account number and
balance
- Stock, bonds, etc. Need breakdown and
value
- Auto(s): Need make, model and
value
- Real estate description and
value
- Cash value of life insurance and amount in
force
- Other assets such as boats, campers, etc., and
value
- Vested interest in retirement
fund
- Gifts
- Liabilities
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