What you need to get ready before applying for a Connecticut mortgage loan

Loan Application Checklist

In general, the documentation you will need includes:

(However, contact your Loan Representative about streamlining these documents)

Property Information (if you already have a contract on a house for purchase)

Purchase Agreement.

Copy of legal description and MLS sheet.

If you are selling your current home, copy of listing contract.

If you have sold your current home, copy of settlement statement (HUD-1).

Income & Assets

Pay stubs for the last 30 days.

For the past two years:

Names and addresses of each employer.

W-2s

Statements for each bank, mutual fund, and/or investment account for the last Two months.

If you have made any large deposits to your accounts:

Explanation and source for deposit.

If large deposit was a gift:

Signed gift letter (lender can supply).

Copy of gift check.

Copy of deposit receipt.

If you own more than 25% of a business:

Corporate or partnership tax returns.

If self-employed:

Tax returns for the last three years (with schedules).

Year-to-Date Profit and Loss Statement prepared by an accountant.

If you own rental property:

Tax returns for the last two years and current rental agreements.

If you are retired:

Pension Award Letter.

If you receive Social Security:

Social Security Award Letter.

If you are counting child support as income:

Copy of divorce settlement.

Copy of court ordered child support

Proof of reciept of child support payments

Debts

Explanation of credit report anomalies, including:

Late payments, credit inquiries in the last 90 days, charge-offs, collections, judgments and/or liens.

Bankruptcy filed within last seven years (bring a copy of your bankruptcy papers).

Miscellaneous

Photo ID and proof of Social Security number.

Residence addresses for the past two years.

If applicable, a copy of your divorce decree.

If you are not a citizen, a copy of the front and back of your green card.

Progressive Home Loans LLC

Originating Mortgages in Florida & Connecticut

Florida contact information----------- Phone 239- 692-8570 fax-888-228-4124

Connecticut Contact Information ----Phone 203-888-4989 fax 203-888-0761

Corporate Headquarters

Progressive Home Loans 39 New Haven Rd. Seymour, CT 06483