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Refinance Process

Refinance Process

What to expect:

  1. You will need to complete a full loan application either online, in person, over the phone or through mail. It is very important that you complete ALL sections of the application.
  2. Once you have completed the application, signed all initial disclosures and returned to your Loan Officer along with the list of required supporting documentation, your loan will be submitted to “File Set Up”
  3. During the file set up process, a Loan Processor will be assigned to work with your Loan Officer and guide you through the process to closing. **Keep their contact information handy**
  4. Expect that the total process will take approximately 30-45 days once the complete application package has been assigned to a Loan Processor.


Prepare for Your Home Loan

Use this checklist to make sure that you have everything you need before you begin your loan application. Having all necessary documentation up front saves time so your loan can close smoothly and quickly.

1. 2 Years of Tax Returns (All Pages, All Schedules, All Borrowers)

2. 2 years of W2’s (All Borrowers)

3. If Self-Employed:

  • a. 1099’s and copy of your business license
  • b. 6 Months Profit and Loss Statement
  • c. 2 years Business Tax Returns (All Pages, Schedules, K-1, etc.)

4. Most recent banks statements cover the last 2 months (all accounts, all pages)

5. Explanation (signed and dated) of any deposits over $1,000 other than normal pay into accounts.

  • a. May require a Gift Letter and Copy of Cancelled Check

6. Most recent pay stubs (minimum of 30 days and must reflect YTD earnings)(All Borrowers)

7. Copy of Identification:

  • a. Driver’s License
  • b. State ID
  • c. Proof of Residency (if applicable)
  • d. Social Security Card(s)

8. Explanation (signed and dated) of any inquiries on credit report

9. Mortgage Statement, Insurance Declaration Page, and most recent tax statement for all other properties owned

10. Divorce Decree, Separation Agreement and/or Court Ordered Child Support (if applicable)

11. Copy of Earnest Money Check along with month of bank statement showing check has cleared (if purchase)

12. Copy of fully executed Purchase Agreement (all pages) , if applicable.