info@1stmortgageresource.com | 3180 Theodore St, St #104, Joliet, IL 60435
 
 
 
 
 
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1st Mortgage Resource
 
 
 
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FAQ

 

Items You Will Need In Order To Apply For A Mortgage

Basic Items Everyone Needs:
 
1) Driver's License and Social Security Card
2) Last 30 Days of Paystubs
3) Last 2 Years of Tax Returns, W-2's
 
4) Last 2 Months of Bank Statements (all pages / all accounts)
5) Name, Address and Phone Number of Landlords for past 2 years
 
Items that Could Apply to You:**
 
1) Divorce Decree, Marital Settlement Agreement and Child Support Order
2) Proof of Receipt of Child Support for past 3 months
3) Unemployment Compensation, 1099's, 1120's for past 2 years
4) YTD P&L and Balance Sheet for the Self Employed
5) Bankruptcy Discharge and Schedule of Creditors
 
6) Proof of Payment of any collections, judgments and liens
7) Explanation and documentation for all large, non-payroll deposits on bank statements
8) DD-214 for Veterans and Certificate of Eligibility
9) Proof of Rent payments for the past 12-24 months (cancelled checks...front and back)
 
Items that will be Required Prior to Closing:
 
1) Proof of earnest money….copies of cancelled check and corresponding bank statements
2) Homeowner's Insurance Agent name and phone number
 
3) Insurance Declaration page and 1st year paid receipt or invoice to pay at closing
 

Items You Will Need In Order To Apply For A Refinance

Basic Items Everyone Needs:
 
1) Driver's License and Social Security Card
2) Last 30 Days of Paystubs
3) Last 2 Years of Tax Returns, W-2's
4) Last 2 Months of Bank Statements (all pages / all accounts)
 
5) Copy of Current “Note” from your last closing
6) Property Tax Bill and Insurance Policy
7) Current Mortgage Statement
 
Items that Could Apply to You:
 
1) Divorce Decree, Marital Settlement Agreement and Child Support Order
2) Proof of Receipt of Child Support for past 3 months
3) Unemployment Compensation, 1099's, 1120's for the past 2 years
4) Bankruptcy Discharge and Schedule of Creditors
5) Proof of Payment of any collections, judgments and liens
 
6) Explanation and documentation for all large, non-payroll deposits on bank statements
7) DD-214 for Veterans
8) Certificate of Eligibility for Veterans
9) Proof of mortgage payments for the past 12-24 months (cancelled checks...front and back)
 

Resources

 
www.corporate.com (for incorporation)
www.mycorporation.com (for incorporation)
www.irs.gov/business/small (for starting a small business)
 
www.sba.gov (small business info)
www.score.org (small business info)
 
For any further questions, feel free to call 815-609-9400 today!