Thank you for wanting to obtain a mortgage with Peach State Bank and Trust. Below is a list of standard documents we need in order to start processing your mortgage request. We may need other documents after we review these documents. Some of these might not apply to your situation. While this may seem like a lot of documents, without them we will not be able to properly assess how much you can afford to borrow. We need copies of the following for the applicant and all co-applicants:
- Driver’s License and Social Security Card if a USA Citizen.
- Resident Alien Card or Visa Card and EAD Card if not a USA Citizen.
- Divorce decree if divorced and paying alimony or child support.
- Bankruptcy papers (all schedules and discharge filings) if filed in last 7 years.
- Foreclosure papers (property address, creditor name, court filings, etc.) if foreclosure in last 7 years.
- Paycheck stubs for the last 30 days. Online statements are not acceptable unless they show your name, address, account/SS#.
- Employment history for the last 2 years (Employer name, address, phone # and dates worked).
- Most recent Benefit Award Letter (Social Security, Pension, Retirement or Disability) if not employed.
- Personal Federal Tax Returns for the last 2 years signed with all pages, schedules, W-2’s, 1099’s and K-1’s.
- Business Federal Tax Returns on all businesses for the last 2 years signed with all pages, schedules and K-1’s.
- All pages of most recent 2 month statements for all the following accounts: Checking, Savings, IRA, 401K, Stock, etc. The statements must show your name, account number and name of the financial institution. If statements are issued quarterly or semi-annually, provide the most recent statement.
- If you are purchasing a home, a copy of the purchase contract and earnest money if available.
- If you are refinancing your home, a copy of the note and mortgage statement from your current lender and homeowner’s insurance and property tax information.
- If you are selling your home, a copy of the sale contract and earnest money if available.
- If you own additional properties not associated with the proposed mortgage transaction, a copy of the note and mortgage statement from the current lender and homeowner’s insurance and property tax information for each property.
- Residence history for the last 2 years (addresses and dates lived).
- If you are renting, provide landlord name, address and phone number. 12 months cancelled rent checks will be necessary for private landlords.
- If you live with a family member and are not paying rent, provide a letter stating you live rent free.
- If VA Loan, Certificate of Eligibility or DD214 and if on active duty, Statement of Service Letter and Off Base Housing Authority Letter.
If you have any questions regarding the documents requested, please do not hesitate to contact your mortgage specialist. Thank you again for allowing us the opportunity to serve you! Click Here for a printable version of the checklist.
