| Required Documents for Mortgage Application |
At State Central Credit Union, we know that getting approved quickly for a home mortgage is important to you. To speed up the approval process, please provide the following information to us at application:
Addresses
A list of addresses for the past two years. If renting, please include landlord names, addresses and phone numbers.
Please provide current work, home and mobile telephone numbers.
Please provide current identification such as a driver's license.
Employment:
- W-2s for the past two years.
- Current pay stubs within last 30 days.
If self-employed:
- Income tax returns, business and personal, for the past two years.
- Current year-to-date profit and loss statements.
If child support or alimony are to be used as income:
- Copy of divorce decree/separation agreement.
- 12 months payment history.
Rental income:
- Income taxes for two years including Schedule E.
If benefits will be included as income:
-Documentation of benefits (i.e. retirement, disability, Social
Security).
Creditors names and addresses (including mortgages)
- Bring statements and coupon book.
- Account numbers, current balances and monthly payment amounts.
- Current checking and savings account statements for two months.
- Investment accounts including 401(k)s, IRAs, mutual funds...most
recent quarterly statement.
- Loans, benefits or gift statement.
- If the sale of a home is your source of funds for downpayment, a copy
of the listing contract, purchase agreement or closing statement is
required.
- Offer to purchase, property condition report and any other documents
signed by all parties for purchase of existing houses and vacant lots.
Construction loans require construction contracts, plans and
specifications.
Please provide a copy of last year's property tax bill and paid receipts (refinances only).
Please provide a copy of your homeowner's insurance policy (declaration page).
Please provide a copy of your prior title insurance policy (refinances only).
- $300.00 for single family or condominium.
- $500.00 for duplex.
If you have questions about the documents required for mortgage approval or about any of our mortgage products, please call our Mortgage Department at (414) 778-1000 or e-mail us at mortgagelending@statecentral.com.