What information will be needed for the application (and how it's kept private)

While most people prefer to go through this process over the phone and / or face to face, if you do decide to use my website to apply, anything you submit is 100%, fully secure, and I never share it with anyone. 

 

For all loans:

Social Security number, for borrower and co-borrower (if any)

Your employment history:
We will need it for the last two years, your employment dates, addresses, and salary composition.  (As on your current pay stubs or W-2 forms).

Check and Savings Accounts, Certificates of Deposit, etc.  I'll need the location of bank accounts, and current estimated balances; We will need your last 2-3 months' of statements

Stocks, Bonds, Investment Accounts and any retirement plans:
Broker's name, description of stocks, bonds, etc. and the most recent quarterly (or annual) statement.

Liabilities and Other Non-Mortgage Debt that doesn't appear on your credit report
Creditors names, Monthly payments and balances

Other income information you may need.  If so, I'll let you know: 

If you're self-employed
Two years tax returns, profit and loss statements, both company and personal if separate.  The most important figure on those returns is your adjusted gross income.

If you have income from:

Commission
Overtime
Bonus
Partnership
Rental Property
Trust
Notes Receivable
Interest/Dividends
You'll need two years' personal federal tax returns

If employed in family business
Personal federal income tax returns and all schedules for the past two years

If divorced or separated
Complete executed divorce decree and settlement agreement.  A payment history of alimony/child support over the past 12 months, if it is a financial obligation.
If you choose to have this be considered as part of your income (you don't have to), be prepared to provide 12 months canceled checks or bank statements reflecting income deposits.

If you own real estate

If you've sold your home but not closed:
A copy of the sales contract

If you've sold your home, closed, and you will use the proceeds for your new down payment:
A copy of the HUD-1 Uniform Settlement Statement

If you rent

Name, address and phone number of landlords for the past 12 months

If you're buying a home

Purchase sales contract or offer to purchase and all addenda.

If a source of your down payment is a gift
Name, address and relationship of donor.
Gift funds may be verified in the donor and will be verified in the recipient's account.
Note: Not all loan programs allow gifts to be part of your down payment.  If you are getting a gift from a donor, PLEASE consult with me further about how we need to structure it. 

For FHA Financing
Evidence of Social Security Number and photo identification

For Construction/Perm Loan
Signed construction with cost breakdown, builder plan and specifications


Greenpark Mortgage 140 Gould Street Needham, MA 02494-2620
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