To obtain loan approval, you will typically need to produce:

• Pay stubs covering most recent thirty days

• W-2 statements covering the past two years

• Bank statements covering the most recent two months (with all pages)

• 401K, IRA, or Mutual Fund accounts showing most recent transaction summary

• Stocks or certificates of deposit

• Purchase and sales agreement (copy)

• 12 months cancelled rent checks or the name and address of your current landlord (if applicable)

• Fully executed divorce decree (if applicable)

• Deed, hazard insurance policy, and most recent tax bill if you are refinancing (copies)

• A letter explaining any known credit problems or fluctuations in income

 

If you are self-employed, paid by commission, or own real estate used for rental purposes you will need to produce:

• Two years signed personal federal income tax returns including all schedules

• If self-employed through a corporation, the last two years' corporate returns as well as a year-to-date profit and loss statement and balance sheet

• If additional information or documentation is requested, please provide it immediately

Please keep in mind that every Member's circumstance is different and may require additional documentation.