Loan Application Checklist

Typical Application Requirements:

• Tax Returns and W-2's for the previous two years and current pay stubs for the past 30 days.
• Employment history for the past two years.
• If self-employed
  1. Signed business tax returns for the past two years.
  2. Year to date profit and loss statement and balance sheet.
• Ratified contract of sale of copy of deed id refinance; or if construction loan, plans and specifications.
• Asset Information:
  1. Copies of last 3 months bank statements.
  2. Names, addresses and account numbers for all assets (i.e., stocks, bonds, etc.)
• Liability information:
  1. Names, addresses and account numbers for unpaid debts.
  2. Landlord information, if applicable.
• Check for appraisal, credit report and interest rate lock fees.
• If refinance, copy of hazard insurance policy and survey.

Home Equity Lines of Credit may require the following additional material when applying for a loan:

• Copy of Deed.
• Copy of Homeowners Insurance Policy.
• Copy of most recent Mortgage Statement or Year-End Statement.

Construction Loan or Permanent Financing may require the following additional material when applying for a loan:

SITE DATA:

• Legal description of property.
• Location survey
• 2 complete sets of construction blueprint plans signed and dated by builder and applicant(s).
• Copy of Perk Test (if applicable).
• Copy of building permit (needed prior to settlement).

BUILDER DATA:

• Name, address and Social Security # of the builder.
• Signed and dated current financial statement on the builder.
• List of properties currently under construction by the builder.
• Certificate of Good Standing on the builder.

Real Estate & Construction Lending Offices

Timonium 9515 Deereco Road Suite 1010 Timonium, MD 21093 410-561-0472 Hours of Operation Mon - Fri 8:30am - 5:00 pm

Centreville 5875 Trinity Parkway Suite 130 Centreville, VA 21020 703-266-5530 Hours of Operation Mon - Fri 8:30am - 5:00pm

Crofton 2120 Baldwin Avenue Crofton, MD 21114 410-721-8444 800-696-0740 Hours of Operation Mon - Fri 8:30am - 5:00pm

For a free rate quotation and qualification analysis, please call us at call (410) 721-8444 or 800-696-0740.

For more information about Suburban Real Estate Lending Professionals, please visit each lenders personal information page.