Credit Lines & Home Equity Loans - Application Instructions and Required Documentation
| 1. | Complete and sign residential loan application Form 1003 and 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 white out. |
| 2. | If you are salaried: provide two
years W-2 and one month of paystubs OR if you are self-employed: provide two years tax returns and a YTD profit and loss statement. |
| 3. | If you own rental property, provide rental agreements and two years tax returns. |
| 4. | Provide a copy of the note on your first mortgage. This will normally be found in your closing loan documents. |
| 5. | Provide a signed letter explaining what you plan to do with the proceeds. |
| 6. | Provide a copy of divorce decree, if applicable. |
| 7. | If you are NOT a US citizen: provide a copy
of your green card (front & back), OR if you are NOT a permanent resident, provide your H-1 or L-1 visa. |
| 8. | Send your application and documents to Americana Mortgage Group. |