Prepare to Write Your Loan

1.	Property Address - if you have not chosen a property yet, you should enter "TBD" (to be determined).
	Please note that you will not have the ability to lock in your interest rate until a property has been chosen.
2.	Employment - you will need to be able to answer questions pertaining to the amount of your gross monthly income. There are worksheets and guidelines to help you calculate such.
	Please have available your complete tax returns and all W-2?s for the previous 2 years in order to complete the income worksheets. You will also need your 2 most recent paystubs to calculate income.
	Employment will need to be listed for the previous 2 years. By having your tax returns available, this will allow you to list all the employment positions you?ve had over the past 2 years.
3.	Assets - you will be required to disclose all the financial institutions which you will be withdrawing from in order to meet your downpayment and closing costs requirements.
	Please have complete bank statements for all these accounts available in order to answer the required questions.
4.	Obligations - you will be required to disclose all monthly obligations which you are obligated to a creditor.
	Please compile your monthly bills in order to answer these questions. You should not include the following monthly obligations on the application:
	Utility bills (phone, cable, gas, electric, water, etc.) Medical bills Monthly rent Installment Loans which have less than 10 payments left Student Loan payments which are currently in deferment and will be for at least the next 12 months Insurance payments
5.	Real Estate Owned - you will be required to list all real estate property which you currently own.
	You should have the rental agreements/leases available as gross rental income is calculated using a percentage of the monthly rental income as shown on a lease. There are worksheets available to help you calculate these amounts.

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