The Mortgage Application Process

First Horizon Home Loans wants to make your new home application procedure efficient and very organized. The more prepared you are when you meet your mortgage professional, the better your experience will be. Below is a check list to help facilitate the mortgage application process for Virginia, Maryland and Washington DC home buyers and real estate investors. Contact First Horizon with your mortgage questions.

Personal:

• Name, age, two year address history, social security number, and photo ID for all applicants.

Income:

• Two year employment history with addresses, phone numbers, length of time on jobs, and income.
• Two most recent paystubs and two years tax returns, including W-2 forms.
• Verification of other income, such as stock dividends, child support, etc.
• If self-employed or commissioned, furnish past two years tax returns, including all schedules and a profit/loss statement for current year.

Assets:

• Last three months bank statements for all checking, savings, CD’s, stock, and 401K’s.
• Year, make, model, and current market value of all cars, boats, RV’s, etc.
• Name, age, two year address history, social security number, and photo ID for all applicants.

Creditors:

• Credit cards – account numbers, current balances (including any with “0” balances), and minimum monthly payments.
• Installment Loans – account numbers, current balances, and payments.
• Mortgage Loans – name and address of lender, account number, loan balance and payment on all properties currently owned or sold within the last two years: bring settlement sheets and warranty deeds on property sold.
• Name, address, phone number and weekly cost for child care provider.
• Name, address and phone number of landlord.

Other:

• If applicable, Divorce decrees signed by Judge and separation agreement, including all modifications.
• Sales contract on the new home you are purchasing and Realtor’s brochure.
• Sales contract/listing agreement on your present home.
• Check for $_____________ for appraisal and credit report.

VA Loans Only:

• DD214 or Statement of Service
• Current Certificate of Eligibility.