Instructions for Completing Loan Application

To help you complete the process once you've started, read these instructions for completing the loan application first. Included are the documents you will need to gather. If you have any questions during or about this process, please contact Allsales Mortgage and one of our mortgage consultants will be happy to assist you.

1. Complete and sign 3 or 4 page residential loan application Form 1003 and attached loan info sheet, credit authorization and fair lending notice. Page 4 of the application is a continuation page in case you need additional space for your assets or liabilities. If you make a mistake while filling out the application cross it out, and make a change. Do not use white out.
   
   
2. If you are salaried: provide two years W-2 and one month of pay stubs OR if you are self-employed: provide two years tax returns and a Ltd profit and loss statement.
   
   
3. If you own rental property, please provide rental agreements and two years tax returns.
   
   
4. If you wish to speed up the approval process, please also provide three months bank statements for each bank, stock and mutual fund account.
   
   
5. Provide recent copies of any stock brokerage or IRA/401K accounts that you may have.
   
   
6. If you are requesting a cash-out refinance please provide a letter explaining what you plan to do with the proceeds.
   
   
7. Provide copy of divorce decree if applicable.
   
   
8. If you are NOT a US citizen provide us with a copy of your green card (front & back), or if you are NOT a permanent resident provide us with your H-1 or L-1 Visa.

Once we've received your application online, by fax or mail, in person or over the phone, we will work with you to find the right mortgage solution for your needs.