Loan Applicaton Information

In order to facilitate your loan application process, Kaye has compiled a list of facts and figures you will need when meeting with your loan officer. The lender will require this information as it applies to you and , if applicable, your spouse or co-borrower.

EMPLOYMENT

• Name and address (including zip code) of Employer.
• Rate of pay and current pay stubs.
• How long you have worked there (if less than two years, you will also be asked to give the same information about your previous employer(s).
• W-2's for the past 2 years.

CREDIT REFERENCES

• Names of banks or other places you have paid off an account in full within the last few years.
• Names of all creditors and credit cards along with account numbers, addresses and zip codes, required payments, and outstanding balances for each.
• Delinquent payments with any creditor will require written explanation.

CURRENT DEBTS

The lender will be ordering a credit report on you, so please include on the list all items which will show up on a credit report - it will save time in having to give an explanation of unlisted items later.

• Names of banks, stores, credit card companies, etc., to whom you owe money, including revolving charge accounts.
• Monthly payment and balance owed.
• Account number (or credit card number).
• Child support and/or alimony.

INCOME

• Your monthly income before deductions.
• Average overtime per month and/or second job monthly income.
• Other regular income - investments, royalties, child support. Alimony, commissions, (with proof of sales - e.g. tax returns, 1099 forms for 2 years, divorce decree, etc.)

INCOME (SELF-EMPLOYED)

Sole Proprietorship:

• Complete, signed, personal tax returns for the past two years.
• A current, signed Profit and Loss Statement, and signed Balance Sheet.

Partnership:

In addition to the above, the following is required:

• A Schedule K-1's complete, signed, Partnership tax returns for the past two years.
• Current signed Profit and Loss Statement and Balance Sheet.

Corporation:

• Complete, signed, personal tax returns for the past two years.
• Current signed Profit and Loss Statement and Balance Sheet.
• If on a Commission Basis: complete, signed, personal tax returns for the past two years, and year-to-date signed statement of employee business expenses.

LIFE INSURANCE

• Face and cash value of life insurance policies.

ASSETS:

Household:

• Approximate replacement value of furniture, household items, and jewelry.
• Approximate replacement value of tools, hobby collections, etc.
• Any other thing(s) you own which have specific monetary value.

Automobiles:

• Make, model and market value of automobiles.
• Indebtedness of all vehicles.

Banks:

• All banks names, including account numbers, addresses, and zip codes.
• Current balances for all checking and savings accounts, including credit union accounts, money market accounts, etc.
Copy of the last two months bank statements on all deposit accounts.

Investments:

• Name of stocks, bonds, mutual funds, etc.
• Market value and number of shares.
• Location and estimated value of any real estate owned. Be sure to include name and address of lender and loan number, monthly mortgage payments, loan balances and rental income, if applicable.
• Copies of leases on all rental property.

PERSONAL

• Copy of Drivers License and Social Security Card for each applicant.

All information provided is deemed reliable but is not guaranteed and should be independently verified.