IFC Loans

Be sure to respond promptly to requests for information while processing is taking place. Be prepared to provide the following typical items:

• W2’s for the previous two years.

• Copy of most recent paycheck stubs for the last 30 days.
• List of employers for the past two years (include addresses and dates employed)
• List of Assets (include addresses, type of account, account number, balances, and copies of your last three bank statements).
• List of all open credit accounts: i.e. charge accounts; car loans (include account numbers, payment amounts and balances).
• Account number of current mortgage and address/phone number of lender (or current landlord if applicable).
• Approximate annual taxes and homeowners insurance for property.
• Survey
• Title insurance
• Homeowners Insurance Information (Name and phone number of Insurance Agent).
• NEW PURCHASES ONLY—All purchase agreements involved in this transaction.
• NEW PURCHASES ONLY—Front and back copy of canceled earnest money deposit check or bank statement showing its withdrawal.
• Copy of Driver’s License.
• Copy of additional identification such as Social Security Card.
• Copy of additional identification such as Social Security Card.
• Other __________________________________________

IF APPLICABLE:

• Copy of divorce decree.
• If you pay child support or alimony: A Friend of the Court letter stating payment amount and proof that account is current.
• If you are self employed: 1040’s for previous two years, year-to-date profit and loss statement, and balance sheet signed by your accountant.
• If you own income properties, or if your income is based on commissions: 1040’s for the previous two years (including all schedules).