What information will be needed for the application (and how it's kept private)
Anything you submit over our website is 100 percent, fully secure. And we never, ever share it with anyone except by permission -- that is, if you're giving us information you want us to use to get you the best loan, we use that information to tell mortgage lenders about you and convince them to loan you money. In turn, those mortgage lenders are bound by federal law to keep your information secure.
Here is a list of the information STELLAR will use to consider your loan application.
Loan Application Checklist
In general, the documentation you will need includes:
Check for appraisal and credit report
Property Information (if you already have a contract on a house)
Purchase Agreement
If you are selling your current home, copy of listing contract.
If you have sold your current home, copy of Settlement Statement (HUD-1).
Income & Assets
2 Most Recent Year-to-Date Pay stubs covering the last 30 days (or two pay stubs if paid once a month)
For the past two years:
Names and addresses of each employer.
W-2s.
2 most recent statements for each bank, mutual fund, and/or investment account, front and back.
Estimated value of personal property and furniture.
If you have made any large deposits to your accounts:
Explanation and source for deposit.
If large deposit was a gift:
Signed gift letter (STELLAR will supply).
Copy of gift check.
Copy of deposit receipt.
If you own more than 25% of a business:
Corporate or partnership tax returns.
If self-employed:
2 Most Recent Years' Tax returns (with schedules).
Year-to-Date Profit and Loss Statement prepared by an accountant.
If you own rental property:
Tax returns for the last two years and current rental agreements.
If you are retired:
Pension Award Letter.
If you receive Social Security:
Social Security Award Letter.
If you are counting child support and/or alimony as income:
Copy of divorce settlement.
Evidence of Award of child support and/or alimony.
Debts
Names, addresses, account numbers, balances and monthly payments on all current loans.
Explanation of credit report anomalies, including:
Late payments, credit inquiries in the last 90 days, charge-offs, collections, judgments and/or liens.
Bankruptcy filed within last seven years (bring a copy of your bankruptcy papers).
Miscellaneous
Photo ID and proof of Social Security number.
Residence addresses for the past two years.
If applicable, a copy of your divorce decree.
If you are not a citizen, a copy of the front and back of your green card.
Georgia Residential Mortgage Licensee 17271 Florida Mortgage Brokerage Business
What information will be needed for the application (and how it's kept private)
