INFORMATION NEEDED FOR A LOAN APPLICATION!
CHECKING, SAVINGS, MONEY MARKET, AND IRA ACCOUNTS
- Names and addresses of institutions
- Account Numbers
- Balances
LOANS (CAR LOAN, MORTGAGES, STUDENT LOANS, CREDIT UNION LOANS ETC.)
- Names and addresses of creditors
- Monthly payments and balances
- Account numbers and purpose of loan
CREDIT CARDS
- Card name and name of bank that issued card
- Account numbers
- Monthly payments and balances
EMPLOYMENT INFORMATION
- Name and addresses of all employers for 2 full years (past and present) with dates of employment.
SELF-EMPLOYED
- Last 2 years of personal tax returns
- Last 2 years of corporate partnership tax returns
- Year to date profit and loss statement.
REAL ESTATE OWNED
- Value of property
- Lease agreement with terms
- Name and addresses of lenders
- Monthly payments, balances, and account numbers
PERSONAL ASSETS
- Year, model, and value of cars
- Cash value of life insurance
- Stock and bonds value
- Value of furniture, jewelry, etc.
OTHER...
- Contract on sale of home being purchased
- Listing on home being purchased
- Contract of sale on present home being sold if applicable
- Recent pay stubs
- Last 2 years of W-2’s for job
- Divorce decree/separation agreement in applicable
- Appraisal and credit free report