Real Estate Loan Application Instructions

Transcription

1 Real Estate Loan Application Instructions Thank you for choosing Navy Army Community Credit Union to assist you with your home financial needs. Whether you re interested in buying a new home, improving your existing home, improving your mortgage rate or consolidating debts we are here to assist you. What do we need to begin the process? 1. Complete the Residential Loan Application attached 2. Locate and provide the following income documents: (see applicable income status below) Wage Earner Income 1. Most recent two years W2(s) 2. Paystubs covering the last 30 days Self Employment Income 1. Most recent two years filed, signed & dated personal (1040) & business (1065, 1120 or 1120-s) federal tax returns 2. Most recent two years W2, 1099 s & K1 s 3. Signed & dated YTD Profit and Loss statement for all businesses Retirement, Pension or Disability Income 1. Most recent two years 1099 s 2. Current year retirement, Pension or Disability award letter Note if receipt of income is less than two years please provide deposit history for the last 3 months Additional Income 1. Filed and recorded court order months of deposit history 3. Refinance and Home Equity applications will require the additional documents below: Current Mortgage Statement Current Property Tax Statement Current Hazard, Windstorm and Flood Insurance Policy (if applicable) 4. Where do I apply? Apply online at o Select Apply for Loan on the top right of the website. o Sign-in or Create Username/Password and follow prompts to complete application. o After you apply, you are able to upload documents to your application. Or please visit us at any of our NavyArmy Real Estate locations: o Mission, TX 408 N Shary Rd. (Available: Monday, Wednesday & Friday) o McAllen, TX 4015 N 10 th St. (Available: Monday, Wednesday, Thursday & Friday) o Brownsville, TX 2100 FM 802 #2055 (Available: Tuesday) o Edinburg, TX 3010 S. McColl Rd. (Available: Tuesday & Thursday) NMLS#

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7 CREDIT AUTHORIZATION Borrower(s): Date: Loan Number: Property Address: Lender/Broker: Loan Originator: 1. To all consumer-reporting agencies and to all creditors and depositories of the undersigned: Please be advised that the undersigned, and each of them, has made application to: requesting an extension of credit to the undersigned. Therefore, the undersigned, and each of them, hereby authorizes you to provide credit report and/or a disclosure to Lender or any agent or assignee. The undersigned also authorizes you to disclose your deposit or credit experiences with the undersigned to Lender or to third parties. 2. In addition, the undersigned, and each of them, hereby authorizes Lender to disclose to any third party, or any agent or employee thereof, information regarding the deposit or credit experience with any of the undersigned. 3. A photographic or carbon copy of this authorization bearing a photographic or carbon copy of the signature(s) of the undersigned may be deemed to be equivalent to the original hereof and may be used as a duplicate original. GCREDAUTH_S 0716

8 AUTHORIZATION TO DISCLOSE INFORMATION I / we, the undersigned, have applied for a real estate loan through Navy Army Community Credit Union (NACCU). I / we hereby authorize the release of any and all information required or requested by NACCU, their assignees, or their credit reporting agencies in their attempts to complete the processing and/or approval of our loan request. Necessary information may include, but would not be limited to, employment and/or related compensation information; savings and checking account verifications; loan status; payment histories; credit union and mortgage balances; etc. NACCU is hereby authorized to utilize copies of this form in its efforts to receive the above listed information. Thank you for your cooperation in expediting the return of the requested information. Member Name (Last Name, First Name) Social Security # Member Signature Date Member Name (Last Name, First Name) Social Security # Member Signature Date