What You Need to Apply for a Home Loan in Fayetteville NC

LIST OF ITEMS NEEDED FOR LOAN APPLICATION

All Borrowers:

•   Pay stubs for the last 30 days (or LES)

•   W-2’s for the last 2 years

•   Tax returns for the last 2 years

•   Complete bank statements for the last 2 months for all accounts you

  gave during our initial interview. Statements must have your name, bank name, daily transactions and running balance and account number. Be sure to bring the statement that your earnest money and/or down payment are coming out of. If you go to the bank to get your statements, have them stamp and date them.

•   Any large deposits over $500, other than a paycheck, must be documented and explained

•   Complete employer information for the last 2 years to include address, contact name and number for verification of employment

o Orders to Ft. Bragg if applicable

•   Drivers license or State ID and Social Security card

•   Complete address history for the last 2 years

•   When your earnest money check clears, I will need an updated bank

  statement showing that it has cleared from your account. It can be a print out from the bank website just be sure that it picks up from that date that the statement you gave me cut off.

•   General Power of Attorney (if applicable)

•   Please advise if you will be closing by POA as we will need to have a

  ‘Specific Power of Attorney’ prepared for the closing. The General POA cannot be used for closing but will be needed to sign the loan documents if you are signing for the borrower. The original notarized Specific Power of Attorney will be needed at closing.

•   DD-214 (applicable only for retired VA borrowers)

•   Mortgage Statement for all currently owned properties

Self – employed borrowers:

•   All of the above except pay stubs and W-2’s

•   Contact information for your CPA if applicable

•   Proof that your business is still in operation, license or online

  verification

  Borrowers paying or receiving child support/alimony:

•   Court order for proof of the required payment

•   Recipients must provide 6 months worth of bank statements showing

  the payment going into the account (child support only)

•   Alimony must be received/documented for at least 12 months to be

  considered for income

•   If you are divorced or legally separated, your divorce decree and/ or

  separation papers

  Borrowers receiving gift funds:

•   Gift letter that I will provide filled out completely by donor and signed by you and them

•   Copy of the check they give you.

•   Proof the check cleared their account, (canceled check or proof from

  their bank)

•   Proof the funds have gone into your account by providing an updated

  bank statement. Just be sure that the date the new statement picks up on the date where the statement you provided cut off.

  Always be prepared for additional items requested from Underwriting as the Mortgage climate is ever changing and every borrower/loan scenario is different. I will be in close contact with you regarding items needed throughout the process and will do my best to inform you of any additional items in a timely manner.
  Please feel free to contact me with any questions or concerns!

  Valerie Campana
  Your Personal Mortgage Consultant (910) 527-0141 CELL
  (910) 321-7200 ext. 304 OFFICE NMLS# 109920 vcampana@1asmc.com www.americansecuritymortgage.com

  ‘Making Your American Dream a Secure Reality’ 

  

  With me as your Realtor and Valerie as your loan officer you are in good hands... We are a determined pair, determined to get our clients the best deal possible to reach their goal of owning a home!
  
  Give me a call or text at 910.987.0567 and Valerie to get your fast pre approval at 910.527.0141
  
  Nothing going to stop you now!!