Purchase & Refinance 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. | If you wish to speed up the approval process, provide three months assets statements for each bank, stock and mutual fund account. |
| 5. | Provide recent copies of any stock brokerage or IRA or 401K accounts that you may have. |
| 6. | If you are requesting a cash-out refinance, please provide a letter explaining what you plan to do with the proceeds. |
| 7. | Provide copy of divorce decree if applicable. |
| 8. | If you are NOT a US citizen:
provide us with a copy of your green card (front & back), OR if you are NOT a permanent resident, provide us with your H-1 or L-1 visa. |
| 9. | Send your application and documents to Americana Mortgage Group. |