APPLICATION
REQUIREMENTS
We appreciate
this opportunity to be of service to you in obtaining a real
estate loan. Please complete the enclosed forms and return
them with the following items that apply to your loan request.
Thank
you for your careful attention in providing complete account
numbers and addresses for credit references. This will ensure
that your application is processed quickly.
We look
forward to working with you.
ITEMS
NEEDED
INCOME
VERIFICATION if borrower(s) receive salary or wages:
- Two consecutive
PAYCHECK stubs for each borrower
- Last two years W-2 all employers
INCOME
VERIFICATION if borrower(s)are self-employed or receive commission:
- Last
two years complete Federal Tax Returns (signed and dated)
-
Last two years corporate and/or Partnership Federal Tax
Returns (if applicable)
- Copy
of 2 years business license or letter on CPA letterhead
(if applicable)
-
Current Profit and Loss Statement (if applicable)
ASSET VERIFICATION & PROPERTY INFO IF A PURCHASE LOAN
- Most
recent 3 months consecutive bank statements for checking,
savings, money market, stock, retirement and/or 401k accounts
(please include ALL pages of statements)
- Complete
copy of purchase contract
- Escrow
information (if available)
- Gift
letter including proof of donors ability (if applicable)
- Landlord
name and address or 12 months cancelled checks (front
and back) to establish rent history
- If
the subject property includes a septic tank, well, private
road, or is located in a flood zone, it is very important
to bring this to our attention at the time you submit
your completed application.
ASSET
VERIFICATION & PROPERTY INFO IF A REFINANCE
- Most
recent 3 months consecutive bank statements for checking,
savings, money market, stock, retirement and/or 401k accounts
(please include ALL pages of statements)
- Letter
stating reason for refinance
- Please
indicate if the property is currently listed for sale
or has been during the last 12 months.
OTHER
PERTINENT INFORMATION WE NEED (IF APPLICABLE):
- Copy
of Divorce decree including property settlement, alimony
& child support requirement
- Names
of town home or condo complex and homeowner association:
include address and phone number
- Copy
of rental agreement(s) for each investment property
- Copy
of any note from which you are currently receiving income
- Documentation
of pension or Social Security
- Copy
of note (all pages) of the first mortgage loan (required
for all 2nd mortgage or equity loans)
- Impound
account? (Do you wish to pay your taxes & insurance monthly
with your loan payment?) Yes ____ No ____
- Homeowners
Insurance agents name & phone number
FEES
REQUIRED
- Check
made payable to: Credit Services for $25 for a credit
report
- Check
made payable to: Appraisal Service for Appraisal fees:
$325 to $600 if owner-occupied or $425 and up if non-owner-occupied.
(Fees depend on sales price or loan amount-call us for
the exact amount)
OTHER
POSSIBLE FEES
- Check
payable to: PFS MORTGAGE for $ 20.00 for desktop approval.
If you
have any questions concerning any of the above, please call
Dennis or Diane Black PFS Mortgage Loans 9565 Soquel Drive, Suite 202, Aptos, CA 95003 Phone (831) 662-6100 or (408) 978-3930
Fax (831) 662-6110 |
