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Preparing for the Lender Part 2.

Preparing for the Lender Part 2.

When meeting the lender, there is sure a lot of information that is requested.  Here are some common requests to prepare for your initial meeting.


Bank Accounts: Name of bank, address, account numbers, types of accounts, and present balances.  With checking, use average balances.

Copy of two most recent statements of all accounts.

Stocks and Bonds: Copy of certificates or copy of recent (within 30 days) broker statement listing the holdings.

Life Insurance: Cash value, only if being used for down payment.

Real Estate: Address and market value.  If free and clear, deed of release, deed or mortgage payoff.  Will also need proof of insurance on all rentals, even if they are free & clear, and also any HOA information.

Present Home: Copy of sales contract, settlement sheet and/or lease.

Gift Letter: Form will be provided by financial representative.  Donor Capacity must be verified.  Receipt of funds must be shown in account.


Credit Cards: Account numbers and outstanding balances.

Loans (Auto, Mortgage, Personal, Student, etc.): Name of institution, address, account numbers, outstanding balances, monthly payments, months left on loan.  Copy of next payment coupon.  12 months’ statements or cancelled checks for present mortgage.

Alimony and Child Support: Copy of Ratified Decree and property settlement setting out terms.

VA Loans

Certificate of Eligibility: To obtain certificate, you will need a DD-214 (Separation of Service) or if in the Service, you will need a Statement of Service signed by Commanding Officer of Personnel Officer (Certificate must be updated prior to application).

If in service, you will need Authorization to Live Off Base (DD-1717 from Housing Office) and Transfer Orders (if applicable).