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The following information is usually required during the loan process along with the completed mortgage application:
Income Documents
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W2 Forms for the previous two years
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Recent pay stubs covering one month
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If you are self-employed, receive commission income or own rental property, include most recent two years’ tax returns with all schedules.
Assets
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Most recent savings and checking statements covering a two month period
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Recent statement of your 401(k) savings plans, IRA’s,CD accounts, investment portfolio, money market accounts
Subject Property- Refinance
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Copy of Homeowner’s insurance with the name and phone number of your insurance agent.
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Name of institution, account number and phone number of your present mortgage holder(s).
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Contact information for your condo association (if applicable)
Subject Property-Purchase
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Copy of sales contract with all parties’ signatures (not required for pre-approval)
Other
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Copy of valid driver's license
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If divorced, please provide copies of your recorded divorce decree
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$400 check payable to Illinois State Credit Union - will be shown as a credit towards appraisal fee at closing
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