Once you're ready to apply for financing, we will ask for the list of documents listed below. Purchase borrowers can apply for financing without a subject property. This is known as a *pre-approval.

 

Conventional, Conventional High Balance, and Jumbo financing available in all states.

When applying for a traditional loan:

For all applicants:

• Current pay stubs covering the past 30 days for all jobs 

• Previous two years W-2s for all jobs  

• Federal Income Tax returns for previous two years 

  • Be sure to include all pages and schedules 

• Bank and/or Asset Statements from the 2 most recent months (401k, stocks, etc.) 

  • Include the complete statement including any blank pages 

• Copy of driver’s license

If applicable:

• Current mortgage statements for all properties

• Current HOA statement

• Homeowner’s insurance declaration page for all properties

 

When applying for a PAM Loan:

For all applicants:

• 1099 Income Details Report (from the dashboard) year to date previous three years

• Federal Income Tax returns for previous two years

  • Be sure to include all pages and schedules

• Bank and/or Asset Statements from the 2 most recent months (401k, stocks, etc.)

  • Include the complete statement including any blank pages

• Contract Value reports from the dashboard

• Copy of driver’s license

 

If applicable:

• Current mortgage statements for all properties

• Current HOA statement

• Homeowner’s insurance declaration page for all properties

 

Each individual situation may require additional documents not listed above. In addition, your Loan Officer will contact you to collect payment for the appraisal and credit report fees.

What's the Difference

*Pre-approval - A pre-approval is what you need to start your home search. A real estate agent will ask you for this document to help you find a property within your approved price range. Send us your financial details, we'll calculate a customized loan estimate for you, and provide a pre-approval.  Click here to search for homes. 

Pre-qualification - A mortgage prequalification is a good way to get an estimate of how much you can afford or if a refinance may reduce your monthly housing expense. A pre-approval takes it one step further by verifying the financial information you submit to get a more accurate amount. FIGFCU provides exactly what you and your agent needs, a pre-approval.