How To Apply For A Purchase / Refinance Loan

  1. Complete and sign 3 or 4 page 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, please provide rental agreements and two years tax returns.
  4. If you wish to speed up the approval process, please also provide three months bank statements for each bank, stock and mutual fund account.
  5. Provide recent copies of any stock brokerage or IRA/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.

Call a Total Mortgage expert now at 877-868-2503 to find out how we can customize a mortgage loan with some of the lowest current mortgage rates for you.