Anything you submit over our website is 100 percent secure. And we never, ever share it with anyone except by permission -- that is, if you're giving us information you want us to use to get you the best commercial loan, we use that information to tell mortgage lenders about you and convince them to loan you money. In turn, those mortgage lenders are bound by federal law to keep your information secure. Our fax lines are secure and password protected, as is our email system, and all computer drives - password locked and secure. We have our own dropbox service dedicated for your use - just ask.
Here is a list of the information mortgage lenders will use to consider your loan application.
Social Security Number, for borrower and co-borrower if any
For the last two years, employment dates, addresses, salary.
Current pay stubs or W-2 forms.
Federal Tax filings - three years personal and corporate
Check and Savings Accounts and Certificates of Deposit
Location of bank accounts, account numbers and balances;
Address of bank if out of town
Last 3 months' statements
Stocks, Bonds, and Investment Accounts
Broker's name and address, description of stocks, bonds, etc.
Last 3 months' statements or copies of stock certificates
Life Insurance Policies
Insurance company, policy number, face amount, cash value, if any
Approximate vested interest value
Copy of latest statement
Make and model of automobiles, their resale value
Market value of personal and household property
Liabilities and Other Non-Mortgage Debt
Creditors names, addresses, account numbers
Monthly payments and balances
Other income information you may need
If you're self-employed
Three years tax returns, profit and loss statements, both company and personal if separate.
Current balance sheet and profit and loss statement if more than two months into the new fiscal year, signed by CPA.
If you have income from:
You'll need two years' personal federal tax returns
If employed in family business
Personal federal income tax returns and all schedules for the past two years
If divorced or separated
Complete executed divorce decree and settlement agreement
Payment history of alimony/child support over the past 12 months, if it is a financial obligation.
If you choose to have this be considered as part of your income (you don't have to), be prepared to provide 12 months canceled checks or bank statements reflecting income deposits.
Name and address of all mortgage lenders for the past 24 months, account numbers, monthly payments and balances
If you've sold your property but not closed:
A copy of the sales contract
If you've sold your property, closed, and you will use the proceeds for your new down payment:
A copy of the Settlement Statement
Name, address and phone number of landlords for the past 24 months
Purchase sales contract or offer to purchase and all addenda
Furnish contract with original signatures of buyer and seller
If a source of your down payment is a gift:
Name, address and relationship of donor.
Gift funds will be verified in both the donor and recipient's accounts.
Note: Not all loan programs allow gifts to be part of your down payment.
For Construction Loan
Signed construction contract with detailed construction cost breakdown, builder plan and specifications, photos