Paradigm Mortgage Services can answer questions on what you’ll need to apply, and more. Reach out with any questions, or to start the loan process.

For all loans:

  • Social Security Number, for borrower & co-borrower, if any
  • Employment History
    • For the last two years, employment dates, address, & salary
    • Current pay stubs or W-2 forms
  • Checking & Savings Accounts and Certificates of Deposit
    • Location of bank accounts, account numbers, and balances
    • Address of bank, if out of town
    • Statements across the past three months
  • Stocks, bonds, and investment accounts
    • Broker’s name and address, description of the stocks, bonds, etc.
    • Statements across the past three months or copies of stock certificates
  • Life Insurance Policies
    • Insurance company, policy number, face amount, cash value, if any
  • Retirement Plan
    • Approximate vested interest value
    • Copy of latest statement
  • Automobiles
    • Make & model of automobiles and their resale value
  • Other assets
    • Market value of personal and household property
  • Liaiblities & Other Non-Mortgage Debt
    • Creditors names, address, and account numbers
    • Monthly payments & balances

Other income information you may need:

  • If you’re self-employed:
    • Two years of tax returns, profit & loss statements, both company and personal, if separate
    • Current balance sheet and profit & loss statement, if more than two months in the new fiscal year, signed by CPA
  • If you have income from the following, you’ll need two years of personal federal tax returns:
    • Commission
    • Overtime
    • Bonus
    • Partnership
    • Rental property
    • Trust
    • Notes Receivable
    • Interest/Dividends
  • If employed in the family business:
    • Personal federal income tax returns and all schedules for the past two years
  • If divorced or separated:
    • Complete executed divorce decree and settlement agreement
    • Payment history of alimony/child support over the past 12 months, if it is a financial obligation
    • If you choose to have this be considered as a part of your income (you don’t have to), be prepared to provide 12 months canceled checks or bank statements reflecting income deposits

If you own real estate:

  • Name & address of all mortgage lenders for the past 24 months, account numbers, monthly payments, and balances
  • If you’ve sold your home, closed and you will use the proceeds for your new down payment:
    • A copy of the HUD-1 Uniform Settlement Statement

If you rent:

  • Name, address, and phone number of landlords for the past 24 months

If you’re buying a home:

  • Purchase sales contract or offer to purchase and all added
  • Furnish contract with original signatures of buyer and seller
  • If a source of your down payment is a gift:
    • Name, address, and relationship of donor
    • Gift funds will be verified in both donor and recipient’s accounts
  • For FHA Financing:
    • Evidence of SSN and photo identification
  • For VA Financing:
    • DD214 and Certificate of Eligibility
  • For Construction/Perm Loan:
    • Signed construction with cost breakdown, builder plan and specifications
  • Name & address of all mortgage lenders for the past 24 months, account numbers, monthly payments, and balances
  • If you’ve sold your home, closed and you will use the proceeds for your new down payment:
    • A copy of the HUD-1 Uniform Settlement Statement