The Loan Application
The strongest buyers have already secured financing pending an appraisal when submitting a contract on a home. We encourage you to call us before your home-finding trip to begin the process with one of our pre-screened lenders.
When working with Kentwood Relocation, you may be eligible to receive savings on closing costs associated with your mortgage, so don't make a move without us.
A loan application requires a lot of detailed information. The lender needs to get a clear picture of your financial status, both assets and liabilities.
To speed up the process, you will need to have the following information with you:
- Major credit card account numbers, balances outstanding and the monthly payments you make.
- Social security numbers for both you and your spouse.
- Face amount, monthly premiums and cash values of your whole life insurance policies. If the cash value is to be used as a portion of your down payment and/or closing costs, documentation from the insurance company of the present cash value will be required.
- If you or your spouse has ever been divorced, copies of all applicable divorce decrees.
- Names, addresses, dates of employment and rates of pay from all employers for the past five years.
- If self-employed, tax returns for the last two years.
- Bank names, addresses, account numbers and balances for all checking and savings accounts.
- Details of stocks and bonds owned.
- Location and estimated value of all real estate currently owned and the balance and payments on all outstanding mortgages.
- Year, model, value and loan balances for your automobiles.
- Details of any other assets and/or debts.
