1st Mortgage Home Loan
Application Checklist

1. A copy of the most recent pay stubs complete with year to date gross pay. (It must be dated within 30 days of closing.)

2. A copy of your prior 2 years (two) W-2s.

3. If self employed, include copies of your past 2 (two) years 1040 tax returns and corporate returns complete with all schedules. All returns must be signed and dated by all borrowers.

4. If self employed, include current (within 30 days) profit and loss statement and balance sheet signed and dated by borrowers.

5. A copy of the 2 (two) most recent credit union, bank, retirement, and investment settlements and settlement statement from the sale of existing home, if applicable. (It must be the most recent two statements).

6. Please insure all account numbers, addresses and balances are on your mortgage loan application.

7. If you are currently renting, list landlord's name and address along with monthly payment amount on liabilities section of the application.

8. A copy of your driver's license and social security card.

9. A copy of the real estate purchase contract (REPC).

10. Name, address and phone number of your realtor.

11. A recent statement for homeowner's insurance policy showing coverage amount and annual premium. If purchase transaction, please provide us with the insurance agent and company you prefer.

12. If this is a refinance transaction, please provide a recent statement from your current mortgage company showing address and account number.

13. A copy of the most recent property tax notice showing amount of taxes on property and legal description. On purchase transactions, please provide a copy of the MLS sheet from your realtor.

14. A check for the appraisal and credit report, made payable to the USU Charter Credit Union.

15. For construction loans, please provide the following: (1) plans and specification (2) construction cost breakdown (3) a copy of the construction contract signed by you and the contractor (4) a copy of the building permit (5) the physical address and legal description of the building lot.