We re thrilled you have selected GL Financial Services for your financing. Now it s time to begin the mortgage pre-approval process.

Transcription

1 We re thrilled you have selected GL Financial Services for your financing. Now it s time to begin the mortgage pre-approval process. Our goal is to make the process as convenient as possible. The documents listed below are needed to begin the process. You may send them to your mortgage loan consultant via , fax or secure document transfer. Your Mortgage Loan Consultant will provide information regarding all three methods. Once we receive the documents from you, your mortgage loan consultant will review them and may contact you with some questions. Next, your documents will be reviewed by our operations team for pre-approval and we ll advise you when this process is complete. Once a favorable response is rendered, you ll receive your official pre-approval document! You can expect your response within one week. Employed by Others: Your most recent 2 paystubs 2 years W2's from all employers 2 years tax returns, including all schedules and addendums All K1s from any business or investment income listed on Schedule E of tax return Photocopy of Driver s License for all borrowers Self-employed: Your most recent 2 paystubs, if applicable 2 years W2's from all employers 2 years personal & business tax returns, including all schedules and addendums All K1s from any business or investment income listed on Schedule E of tax return Photocopy of Driver s License for all borrowers Retired: Social Security & pension Awards letters Documentation of any IRA or 401k distributions to be used for qualifying 2 years tax returns, including all schedules and addendums & All W2's, if applicable All K1s from any business or investment income listed on Schedule E of tax return Photocopy of Driver s License for all borrowers

2 CUSTOMER INFORMATION Borrower Information Co-borrower Information Please list your names as they appear on your driver s license (include middle name or initials, if applicable). Name Name Name as you wish it to appear on title to this property: Same as above or S.S. # Date Of Birth Home Phone Cell Phone Marital Status: Married Unmarried Separated Same as above or S.S. # Date Of Birth Home Phone Cell Phone Marital Status: Married Unmarried Separated Number of Dependents (other than yourself and spouse) What is your intention for this property at closing: Primary residence 2 nd Home Investment property List any additional individuals that will be on title If title will be taken in the name of a Trust, provide the name of the Trust ADDRESS INFORMATION Present Address Own Rent Monthly Payment $ Present Address (leave blank if same) Own Rent Monthly Payment $ Value of home if owned: $ Value of home if owned: $ Association Fee (if applicable): $ Association Fee (if applicable): $ Homeowners Insurance: $ Homeowners Insurance: $ Property Taxes: $ Property Taxes: $ Time at this address: Years Months Time at this address: Years Months City State Zip City State Zip 1

3 Previous Address (if needed for 2 year history) Own Rent Monthly Payment $ Time at this address: Years Months City State Zip Previous Address (if needed for 2 year history) Own Rent Monthly Payment $ Time at this address: Years Months Street City State Zip INCOME & EMPLOYMENT INFORMATION If employment/income status will change by the time of closing, please advise your mortgage loan consultant. Present Employer (if working currently) Self Employed? Yes No % of ownership? Present Employer (if working currently) Self Employed? Yes No % of ownership? Company Name City State Zip Position Phone # How long in this profession? Monthly Income: Base Salary: $ Overtime $ Annual Bonus: $ Monthly Commission: $ Previous Employer (if needed to complete 2 year history) Name Position City State Zip Phone # End Date Self Employed? Yes No % of ownership? Monthly Income (before taxes) $ Other Monthly Income Company Name Street City State Zip Position Phone # How long in this profession? Monthly Income: Base Salary: $ Overtime $ Annual Bonus: Monthly Commission: $ Previous Employer (if needed to complete 2 year history) Name Position City State Zip Phone # End Date Self Employed? Yes No % of ownership? Monthly Income (before taxes) $ Other Monthly Income 2

4 Social Security $ Social Security $ Pension 1 $ Pension 2 $ Pension 1 $ Pension 2 $ Dividends/Interest $ IRA Withdrawal $ Dividends/Interest $ IRA Withdrawal $ Other $ Source: Other $ Source: Other $ Source: Other $ Source: ASSET INFORMATION Please include checking, savings, money markets, CDs, retirement accounts, securities, investments, etc. Please be sure to reduce amounts by any deposits given to GLHomes as escrow deposits. Checking $ Savings $ CD $ Money Market $ Securities $ Brokerage $ IRA $ 401K$ 403B$ Annuities$ Gift $ Other: OTHER OWNED REAL ESTATE 1 st Mortgage Payment $ Includes Taxes/Insurance? Yes No 1 st Mortgage Balance $ Association Fee Monthly: $ 1 st Mortgage Payment $ Includes Taxes/Insurance? Yes No 1 st Mortgage Balance $ Association Fee Monthly: $ 1 st Mortgage Payment $ Includes Taxes/Insurance? Yes No 1 st Mortgage Balance $ 3

5 Association Fee Monthly: $ OTHER PAYMENTS Alimony/ Child Support/ Court Ordered/ Tax Lien (weekly/monthly or annually) $ per PURCHASE PRICE & DOWN PAYMENT Anticipated purchase price $ OR Estimated Value (refinances only) Anticipated down payment $ OR Down Payment Percentage % Primary source of down payment (savings, gift, sale of home, etc.) Lot # (if known) Community Name What are your intentions with your currently owned property(ies) What will their status be at the time of this closing? DECLARATIONS & CREDIT AUTHORIZATION a. Are there any outstanding court judgments against you? Yes No b. Have you been declared bankrupt in the past 7 years? Yes No c. Have you had property foreclosed upon or given title or deed in lieu thereof in the last 7 years? Yes No d. Are you a party to a lawsuit? Yes No e. Have you been obligated on any loan resulted in foreclosure, deed in lieu of foreclosure, or judgment? Yes No f. Are you presently delinquent or in default on any Federal debt or any other loan, mortgage, financial obligation, bond or loan guarantee? Yes No g. Are you obligated to pay alimony, child supp Yes No h. Are you a co-maker or endorser on a note? Yes No i. Are you a U.S. citizen? Yes No j. Are you a permanent resident alien? Yes No k. Do you intend to occupy the property as your primary residence? Yes No l. Have you had an ownership interest in a property in the last three years? Yes No (1) What type of property did you own (Primary Residence, Second Home, Investment Property)? i. How did you hold title to home (Solely, With Spouse, With Other)? List your Ethnicity (Hispanic or Non-Hispanic), Race and Gender (required to be asked by Federal law): Borrower: Ethnicity Race Gender Co-Borrower: Ethnicity Race Gender I do not wish to provide some or all the information above I authorize GL Financial Services, LLC to obtain a credit report as part of this loan application. Print Name Print Name Signature Date Signature Date 4