This checklist will help you facilitate your mortgage loan interview. The checklist includes most of the informaiton that you and any co-borrower will need to supply. However, some programs have slightly different requirements and you will want to consult your mortgage loan specialist before the interview to ensure you have all the correct documentation.
In preparation for your loan interview, understand what information is needed so you are prepared. For your convenience, print this page and check off each item after you have gathered the required data.
- Social Security Number and Date of Birth
- Paycheck (most recent paystub that shows year-to-date earnings)
- W-2 Tax Forms (original employer copies; two years needed)
- Employer Information
- Name(s), address(es) and phone number(s) of employers for the past two year
- Account Information
- Account numbers and current balances of checking, savings and any other accounts
- Current Assets
- Individual Retirement Accounts (IRAs), Certificates of Deposit (CDs), stocks, bonds, etc.
- Personal Property
- Value of property that can include life insurance, retirement accounts, automobiles, etc.
- Liabilities
- Auto loans, student loans, credit cards and other installment debt; provide name and address of each creditor, the monthly payment and the total amount due
- Current and Previous Addresses
- If you own a home, bring the property address, current market value, mortgage lender name, account number, current monthly mortgage payment, and outstanding mortgage balance
- If you are renting, bring the property address, name and address of the landlord, current monthly rent, and previous address/landlords if you have lived at your current address for less than two years
- Agreement to Purchase
- A signed copy and any amendments, a copy of the listing form for the property, the legal description of the property, and receipts for down payment options
There may be some special situations that require you to supply additional information, and could include:
- If you are self-employed or work on a commissioned basis, you should bring your federal tax forms for the past two years and a current year-to-date profit and loss statement
- If you are separated or divorced, you should bring a copy of your divorce decree and separation agreement. Also bring documentation on alimony, child support, or separate maintenance payments you are required to make or you receive as income. Proof of this income can be the clerk of court's history of payments or canceled checks for the past year.
Note: Alimony, child support, or separate maintenance income need not be revealed if you (or a co-borrower) do not choose to have it considered for repaying this loan.
- If you include pension, disability, Social Security, or other public assistance as part of your income, you will need to bring a copy of an award certificate or a check from the issuing agency
- If you have a bancruptcy, foreclosure, or any other judgements against you over the past seven years, you will need to bring relevant information about the proceedings. Such information includes a copy of the bankruptcy discharge and schedule of both debts and assets. An attorney's letter that discusses the outcome of the proceedings should be included if there are judgements against you.
National Penn's originates residential mortgages in Pennsylvania, Delaware, Maryland, New Jersey, Virginia, North Carolina, South Carolina and Florida.