Loan Application Checklist

Once you have decided to apply for a loan with CU Mortgage Group, you can help us make the process as smooth as possible by gathering certain information that may be required. In order to continue with the loan process, you will most likely need to provide your loan consultant with the following materials:

• Last two years of W-2 forms
• Two months most recent bank or brokers statements
• One month most recent pay stubs for each borrower
• A copy of your most recent mortgage statement (if available)
• A copy of the Purchase Contract (if applicable)

If you are self-employed, you will also want to gather this information:

• Last year's signed and dated tax return, including all schedules, a year-to-date Profit and Loss (P&L) Statement that is less than 60 days old, and a current signed Balance Sheet.
• If you're part of a corporation or partnership, provide last year's tax return for corporation/partnership including form K-1, a year-to-date Profit and Loss (P&L) Statement (less than sixty days old), and a current signed Balance Sheet.

Depending on your individual situation, you may also have to supply some additional information. Read over this list and see if any of it applies to you:

• If you've had a bankruptcy within the last seven years, provide a copy of your bankruptcy discharge, a copy of the petition (including schedules A & B) and an explanation of the circumstances.
• If your down payment includes a cash gift from a friend or relative, you need a copy of the check or wire transfer showing the donor's name and account number, plus a copy of the deposit into your bank account. (This applies only to home purchase loans).
• If you receive a Social Security pension or annuity, provide a copy of the awards letter and a copy of a recent benefit check.
• If you currently pay rent, provide copies of rental payments for the last twelve months (may include canceled checks, bank statements, money orders, etc.) and the name and address of your landlord for the same time period.
• If you own other real estate, provide a lease/rental agreement if applicable, and copies of property tax and insurance bills.
• If you receive alimony or child support, provide a copy of the divorce decree and evidence of receipt of income for 12 months (i.e. canceled checks, deposit slips or bank statements).
• If you pay alimony or child support, provide a copy of your divorce decree.

By reviewing this list and providing the above information when applicable, you'll help speed up the approval process. If you have any questions, please call your CU Mortgage Group loan consultant.