Home Loan Resources

If you're ready to pursue a home loan through Belay Bank Mortgage, here's a list of information we'll need from you when we begin the loan approval process.

Documents Required

• Personal check to pay for appraisal and credit report
• Name and address of all employers for the last two years with dates of employment as well as the Human Resources office phone number
• Account number(s), balance(s) and monthly payment(s) for all outstanding creditors: such as credit cards, car loans, student loans and signature loans
• Previous addresses for the past two years
• Photo ID. Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account.

Information that may be required

• W-2 forms for last two years
• Paycheck stubs covering the most recent 30 days (computer-generated)
• Bank statements for the previous two months with institution name, address, account number(s) and balance(s) for all accounts
• Most recent asset account statements such as IRA, 401(k), Mutual Funds and stock

If Applicable

• Copy of complete divorce decree
• Tax returns for last two years complete with all schedules for self-employed individuals with 25% or more ownership
• Copy of the listing, purchase agreement, or closing statement for your present home that is for sale or already sold
• Bankruptcy and discharge papers

If you are purchasing a home

• Purchase agreement and all addendums – signed by the buyer and seller
• Phone numbers for the realtors involved
• Property information listing sheet or computer print-out indicating lot size, taxes, square footage and year built

If you are applying for an FHA or VA loan

• Seller’s disclosure for home you are buying
• Certificate of eligibility (for VA only)

If you are building a home

• Phone number and address of your licensed builder, blue print plans and specifications as well as a copy of contract if possible
• Legal description of lot
• Copy of Warranty Deed if subject property is owned free and clear

You’ve made an excellent choice to refinance your home with Belay Bank Mortgage. Here are the items you’ll need to as we move through the process:

Property/Structure/Dwelling Details

• A current balance on all existing mortgages
• A current escrow balance on all existing mortgages
• Current property tax amounts
• A current homeowner’s insurance policy detailing the address of the covered property, dwelling coverage, along with the premium amounts and date of renewal.
• Owner's Policy of Title Insurance that protects you against any unforeseen property title issues
• Do you own your home or property and do not have a current loan against the property? Please provide a copy of the Warranty Deed of the subject property.

Personal Employment Details

A complete list of all employers for the last two years, including:

• Valid employment dates
• Human resource office phone numbers for each employer
• W-2 forms (prior two years)
• Valid paycheck stubs (prior 30 days)
• Tax returns (prior two years) – Self-employed individuals should include schedules if 25% or more ownership is held.

Personal Information Required

• Any previous addresses (prior two years), if applicable
• Valid photo identification (a federal requirement for financial institutions at account opening)
• All outstanding debt and creditors, including account numbers, current balance(s), and all monthly payments (i.e., credit cards, student loans, and car loans)
• Valid banking statements (prior two months), including financial institution name/address/balances and account numbers for all accounts
• All account statements for assets, including employer-provided 401k, mutual funds, stocks, or any type of IRA account
• If you are divorced, please bring a copy of the official divorce decree/property settlement agreement
• If applicable, bankruptcy/discharge papers
• A valid, personal check or credit card number to pay for the credit report and appraisal

Our calculators make it easier to analyze the numbers and choose the right mortgage for your budget and lifestyle.