Items Required for a Mortgage Application

Liberty Bank for Savings is a community bank that serves our neighbors and surrounding communities only.

Purchases:

1. Application Deposit
2. Purchase contract with all riders and earnest money receipt
3. Last two years of Federal Income Tax returns with all schedules and W-2s
4. 1 month of current pay stubs
5. If retired – Social Security and pension benefits statements
6. If self-employed – current income and expense statement
7. All credit information
8. Mortgages, auto loans, credit cards, etc.
9. If no credit history – 1 year paid rent receipts and utility bills
10. All account information
11. Savings, checking, certificate of deposit passbook or 3 months of statements
12. Current statement on stocks, life insurance, bonds and money market funds
13. Buyer and seller real estate agents: name, address and telephone number
14. Buyer and seller attorneys: name, address and telephone number
15. Landlord’s name and address, if currently renting
16. Divorced individuals – copy of divorce decree

Refinances: In addition to items 1, 3, 4, 5, 6, 7, 10 and 11 please include copies of the following:

1. Title Policy or Warranty Deed for Property
2. Survey of property
3. Current homeowners insurance policy
4. Last real estate tax bill

Condominiums: In addition to items 1-11 please include copies of the following:

1. Copy of declarations, by-laws and any amendments
2. Budget statement for current and past year
3. Current income and expense statement

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