A properly documented loan application makes your loan process go smoothly.
This checklist will help you gather your paperwork.
Complete and sign the residential loan application, Form 1003, and the attached
loan info sheet, credit authorization and fair lending notice. Page 4 of the application
is a continuation page in case you need additional space for your assets or liabilities.
If you make a mistake while filling out the application cross it out, and make
a change. Do NOT use whiteout.
If you are salaried: provide W-2's for the previous two years and one
month of paystubs. If you are self-employed, provide tax returns for the
previous two years, including all schedules, and a YTD profit and loss statement.
(Note: provide copies of all requested documents. Do not provide original documents.)
If you own rental property, provide recent rental agreements and tax returns
for the previous two years, including all schedules.
To speed up the approval process, provide bank statements for the most recent
three months, and recent statements for stock, mutual funds and IRA/401K accounts.
If you are requesting a cash out refinance, provide a letter explaining how
you will use the refinance proceeds.
If applicable, provide a copy of your divorce decree and settlement agreement.
If you are NOT a US citizen, provide a copy of your green card (front &
back). If you are NOT a permanent resident provide a copy of your H-1 or L-1 visa.
If any borrower has filed bankruptcy, provide the Discharge Notice, Filing
and Schedule of Creditors.
If you are applying for a home equity line of credit or loan (second loan),
also include your first mortgage note. (This should be with your closing loan
documents.)
Massachusetts Office - 423 West Broadway, Suite 403 - South Boston, MA 02127 Phone: (617) 269-1118 Toll Free: (877) 574-0007 Fax: (617) 269-1133 website: www.mbamortgageco.com
We lend in the following states:
Massachusetts, Connecticut, New Hampshire, Rhode Island, and Florida
Licensed by the Massachusetts Division of Banks. License #MB4115
Licensed by the Connecticut Dept of Banking. License #17404/#17405
Licensed by the New Hampshire Banking Department. License #11440-MBR
Licensed by the Rhode Island Division of Banking. License #20072210LB
Licensed by the Florida Office of Financial Regulation. License #504347
FHA Approved Broker
Licensed by the Department of Housing & Urban Development. License #28012-0000-2
NMLS #2880
