HELOC and Home Equity Loans

Prepare with our application document checklist

Annual Income

• Wages: Most recent paystubs and most recent W-2.

• SSL Disability, Investments, and/or Pension Income: Award Letters, 1099s, or direct deposit statements from the past three consecutive months.

• Self-Employed, Rental, or Other Income: Federal Personal Tax returns for the past two years

  • Self-employed borrowers must provide two years of Federal Business Tax returns including all schedules and K-1s

  • Rental income verification: also requires copies of recent mortgage statements

  • Verification of any other income: provide documentation to support three year continuance. Example: Child support, alimony, etc.

Current Obligations

• Child support and/or alimony obligations - if applicable

Employment and residence history for all borrowers for the last two years

Existing mortgage information with name of company, oustranding balance, payment, and escrow.

• Current mortgage statement required

IF NO ESCROW - Verification of all monthly property expenses required:

• Real estate taxes (from tax bill, website, HUD)

• Homeowners insurance (declaration page with annual premium and expiration date)

• Homeowners Association dues (if applicable - annual statement or letter)

• Flood insurance (if applicable - from homeowners insurance information)

Certification of Trust document(s) are required if property is titled in a trust

• Do not send the trust documents

Debt Consolidation Information (When appropriate):

• Copies of all recent statement past 30 days for accounts to be consolidated

• Statements must include account holder name, current amount, full account number, and address to mail payoff

Other documents may be requested upon further review of your file. 
All documentation should be received within 10 calendar days of application.

Download the Checklist