Loan Application Info - Just Ask Amy

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	Amy White REALTOR, ASSOCIATE BROKER, GRI, ABR, and DAAR Top Producer Member of the Founder’s Club w/L & F Long & Foster Real Estate LICENSED IN VIRGINIA & WEST VA Top 5% Nationwide [Virginia Office] 46191 Westlake Drive Potomac Falls, VA 20165 Office: 703-430-8004 Cell: 703-980-1442 Voice Mail: 703-430-1000 ext. 7434 Fax: 703-444-1014	[West Virginia Office] 976 Foxcroft Ave. Martinsburg, WV 25401 (Liza McCraren Broker) Office: 304-229-0851 Fax: 304-229-0535

Buying Services... Loan Application Info...

Necessary Data for Loan Application Interview

Below is a brief list of items needed to process your loan application.

Income Information

Name, address, zip code and telephone number of employer(s). If employed less than 2 years, previous employer(s) information or explanation and supporting documentation to cover 2 year history. LAST YEAR'S W-2 AND MOST RECENT PAY STUB.
Tax returns and financial statements (2 years) if self-employed. Other documentation required to substantiate income (1099, audited financial statements). A current balance sheet and profit and loss statement is also needed.
Copies of current leases on all rental real estate owned.
Retirement, social security and/or disability income must be verified with a copy of award letter and verification of present compensation received. Copy of year end income statement.
Income from notes receivable must be verified with copy of ratified note and evidence or receipt of income.

Asset Information

Names, addresses, account numbers and balances of liquid asset accounts. PREVIOIUS 2 MONTHS BANK STATEMENTS.
Names, addresses, and account numbers of institutions holding stocks, bonds, mutual funds and/or other securities.
Location and approximate value of automobile(s) owned and/or leased. If unemcumbered, copy of title.
Approximate value of furniture and personal property.

Liabilities Information

Name, address, account number, balance and monthly installments of automobile loans, contractual indebtedness, leases, credit cards and present mortgage(s).
Alimony, child support and separate maintenance payments due must be verified with copy of Divorce Decree and Separation Agreement if applicable.

General Information

Signed sales contract.
Past and/or present monthly residency expenses, including utility costs, for the past 2 years.
VA loans require a Certificate of Eligibility.
FHA loans require a photo ID and proof of social security number of all applicants.
Borrower will be responsible for payment of appraisal and credit report fees at time of application.

ADDITIONAL INFORMATION MAY BE REQUESTED AS NEEDED.