|
 Information Needed For A Loan Application & Loan Process
| Jumbo |
Self-employed Programs |
| 30 year fixed |
30 year fixed |
| Fixed for 7 years then rolls into an ARM |
Fixed for 7 years then rolls into an ARM |
| Fixed for 5 years then rolls into an ARM |
Fixed for 5 years then rolls into an ARM |
| Fixed for 3 years then rolls into an ARM |
Fixed for 3 years then rolls into an ARM |
| ARM programs |
ARM programs |
| Jumbo
Loans - What you should have ready |
Self-employed Program
Requirements |
| 3 months bank statements
for all bank accounts |
No documentation |
| Last 2 years Federal
tax returns including all pages |
No tax returns |
| Last 2 years W-2's or
1099's |
No pay stubs |
| 1 month pay stubs for
all places of employment |
10% down |
If you own a corporation
- tax returns for the last 2 years,
all pages and W-2's, K-1's, 1099's if applicable |
Excellent credit |
Names, addresses, account
numbers of all loans: mortgages, car loans,
boat loans, personal lines of credit, student loans,
or a copy of the most recent statement |
Cash reserves in the form of
savings, 401k, IRA, stocks or bond |
| All current credit card statements
if you maintain balances |
| Most recent statement for stocks
& bonds |
| Most recent statement for retirement
accounts: IRA's, Keough, 401-K, etc |
| If employed with your company less
than 2 years: name, address, phone # of previous employers |
| If divorced a copy of the divorce
decree all pages |
| Contract for new employment |
|
