Listed below are the documents most often needed to ensure a speedy credit decision on your loan inquiry. Providing this information when submitting your TEGFCU application will help to get the mortgage process off to a fast and efficient start. If you have any questions or need assistance, please call your loan officer.
Income information
If you’re a salaried employee:
- W-2 statements covering the past 2 years
- Pay stubs for the last 30 days, showing year-to-date and current period earnings
If you’re self-employed:
- Most recent personal federal tax returns, including all schedules for the past 2 years
- Most recent business federal tax returns including K-1’s for the past 2 years
If your income is from commission or rental property:
- Most recent personal federal tax returns, including all schedules for the past 2 years
If you’re retired or disabled:
- Award letter from the Social Security, Disability, or Pension Fun
Asset information
- Most recent bank statements for the past 2 months. Must show your name, account number, and 30 days of activity, and you must document all large deposits
- Retirement accounts. Must show name, account number, 30 days of activity, plus terms of the withdrawal of the funds, including penalties and mandatory federal tax withholding.
Miscellaneous information
- Purchase and sales agreement (copy)
- Name and telephone number of closing attorney and/or title company
- Homeowner’s insurance agent and telephone number or hazard insurance policy
- Most recent tax bill if you are refinancing (copies)
- Divorce decree or separation agreement (if applicable) to show proof of child support/alimony income or to show the exact amount of alimony or child support debt you pay and how long it will continue
- A letter explaining any known past credit issues or fluctuations in income
Tips
- Provide all documentation that is requested. Any missing documentation is likely to cause a delay in your loan approval process.
- If additional information or documentation is requested, please provide it immediately.
- Read all disclosures carefully and ask questions if you need clarification. It is best to communicate all requests and clarifications in writing early in the loan process.
- Inform your loan officer of any past credit issues.
