APPLY FOR YOUR HOME EQUITY LOAN

Before starting the application, we recommend gathering some important details which are outlined below. This will help expedite the application process. Our goal is to help you reach your goals.

PROOF OF INCOME

Please include the following information:

• Last two years W2’s from each employer
• Pay stubs covering last month’s income 
  (paid bi-weekly two stubs – weekly four stubs)
• Last two years of complete and signed tax returns (if self-employed)
• Proof of additional income (retirement /investment /court ordered)
• Social security / disability award letter
• VA awards letter and DD 214 if applying for VA loan
• Dates of employment for the last two years covering a two years period or longer
• Copy of your diploma (if you graduated within the last two years)
• Phone number of human resources department and current position

PROOF OF ASSETS

• 60 days of bank statements for checking and savings accounts (All pages)
• Copy of last 60 days or quarterly original investment statement
  (Include all pages of Retirement, 401k, CD’s, IRA)
• Letter signed by gift donor (provided by lender) if applicable on purchases
  
  

HOME EQUITY LOAN REQUIREMENTS 

• Copy of most recent declaration page of hazard insurance
• Copy of most recent declaration page of flood insurance
• Copy of last year’s property tax bill
• Copy of current Mortgage Statement and additional payoff statements
  (if applicable for debt consolidation)
• Copy of fully executed divorce papers (if applicable)

ADDITIONAL DOCUMENTS NEEDED

• Copy of purchase agreement and all addendums signed by all parties
• Copy of good faith deposit check (front and back) with proof of clearing the account
• Copy of hazard insurance and flood insurance quotes once obtained
• Copy of fully executed divorce papers (if applicable)
• Copy of succession (if applicable)