The following information might be required during the
application and processing of your loan.
| Income |
 |
Previous
2 year's W2 forms. |
|
Latest
month's paycheck stubs. |
|
If you
have income from a pension, disability insurance or Social
Security, please provide an award letter and a copy of your
most recent check or automatic deposit slip. |
|
If self
employed, commissioned or own rental properties provide previous
2 years tax returns. |
|
If you
are self employed, provide a YTD P/L and balance sheet signed
by a third party. |
| Assets |
|
Copies
of the 3 most recent months statements for all banks, money
markets, stocks, accts. etc. |
|
Copy
of the sales contract for any home you are currently selling. |
| Other
Documents |
|
Copy
of the purchase contract for the home you are buying. |
|
Copy
of any Divorce Decrees and Separation Agreement if applicable.
If you are using either as a source of income, provide 12
months proof of payment. |
|
Copy
of Bankruptcy petition and discharge if applicable (within
10 years) |
|
Copy
of photo I.D. (drivers license) |
|
A check
for your appraisal and credit report |
| VA
Loans Only |
|
Copy
of your DD214. |
|
Original
Certificate of Eligibility |
|
Value Based
Pricing
Because
everybody's financial circumstances, credit suitability and
investment potentials are different, Colorado Springs Mortgage
offers Designer Loan Programs tailored for your needs.
Please contact one of our Mortgage Planning Specialists
for the "Very Best" options for you.
"Serving
the Customer Better"
The Management and Staff
Colorado Springs Mortgage
Colorado Springs, CO
(719) 548-8144
(888) 242-8572 |
|
Apply On Line.....Save Time!
A
Step By Step Outline.
- Computerized
Loan Application
- If you have your
basic information available, an online application can take as
little as 5 or 10 minutes. However, If You Prefer a Personal
Appointment...Just Click, Call or Stop On By! (See
our list of required and recommended materials.)
- Computerized
Processing
-
Verifications of employment and assets will be obtained by our
processing staff. A credit report and an appraisal of your home
will be ordered. All information necessary to meet the investment
guidelines (FHA, VA, FNMA, etc.) will be assembled and prepared
for the processor to review. An Electronic Approval Will Be Run As
Soon as Your Initial Application Is Received, Giving You Your Same
Day Approval! During the course of your transaction, you will
execute a rate lock guaranteeing the terms of your transaction. Be
sure to discuss with your Loan Officer.
-
Validation
-
Your
electronic approval, and documentation is reviewed and validated
by your underwriter. Your underwriter is responsible for
confirming your electronic approval and sends your file to
closing.
We
provide quick and efficient online loan approvals:
- Loan
Closing
- At the closing, the
lender funds the loan with a cashier's check or draft to the selling
party in exchange for the title to the property.
|
|
