Thank you for choosing HFCU for your new home loan.
To make the loan application process as smooth as possible, we recommend having the following readily available:
Application
- Birthday and social security number for each borrower
- Residential address history for last 2 years
- Employment history, including addresses and phone numbers for each borrower, for last 2 years
- Amount of current income for each borrower
- Current balance of bank statements/investment accounts
- Homeowner's insurance information
- List of debts, especially those not included on the credit report
- Estimated property value and loan amount sought
If refinancing:
- Property address
- Date property was aquired
- Original purchase price
If purchasing:
- Source of funds for downpayment
- Current rental information—name, address and phone number of landlord
Document Checklist
In order to proceed with your application, your loan officer may also request you to provide the following documents:
- Signed application and disclosures
- Most recent paystubs (past 30 days)
- If non-wage income, proof of receipt (award letter) and continuance
- W-2 and 1099 forms for last 2 years
- Tax returns, including all schedules and taxes from businesses you own, for last 2 years
- Bank statements (all pages) for last 2 months
Special Circumstances
In some instances, the following also may be required:
- Divorce decree(s)
- Bankruptcy documents
- Letters of explanation for cash out, late payments, credit issues and gaps in employment in the last 2 years
- Documentation of large deposits into accounts other than wage earnings
- Cancelled checks for child support/alimony
- Rental/lease agreements for investment properties