What Documents Will I Need to Apply?

At Shoreline Mortgage, we take  full advantage of an automated underwriting system that allows us to request as little information as possible to verify the data you provided during your loan application.

Gone are the days when it was necessary to verify every piece of data collected during the application. The automated underwriting system compares your financial situation with statistical data from millions of other homeowners and uses that comparison to determine the level of verification needed. In many cases, a single W-2 or paystub can be used to verify your income or a single bank statement can be used to verify the assets needed to close your loan

Below you will find the more tradional list of documents typically needed to complete a loan application.  Preparing early and having these documents together will enable your loan to get approved as quickly as possible.

You will note that legible copies will suffice... originals are not required

All Loans:

	Copies of previous two years W-2 forms for all jobs
	Copy of the two most recent pay stubs
	Executed sales contract signed by Buyers and Sellers (if this is a purchase)
	Name, address, and telephone number of all employers for past 24 months
	Copies of your last three months bank statements including checking, savings account(s), money market etc.
	The most recent statement for any Stocks, Bonds, Mutual Funds, IRAs, Thrift Savings Plans (TSP), Retirement Accounts etc.
	If you are currently renting, provide either the name and address of your landlord(s) covering the past 24 months or 12 months of canceled rent checks

If you are self-employed or paid by commission:

	Previous two years Federal Income tax returns with all schedules
	Previous two years Business tax returns complete with all schedules (for self employed)
	Year-to-date profit and loss statement. (for self employed).  This may be unaudited

If you have filed bankruptcy in the last seven years:

	Copy of the bankruptcy papers including all schedules and the "Discharge of Bankruptcy".
	A list of any credit obtained since the bankruptcy

If you own other properties:

	Address of the properties and current market value.
	Any debt owed on properties, Lender's name, address, account number, monthly payment, and current balance.
	If rented, a copy of the current lease(s).

If you will be using Child Support/Alimony income to qualify or are obligated to pay Alimony or Child Support:

Copy of the Divorce Decree and Property Settlement

If you are refinancing:

	Copy of the Warranty Deed to your property
	Copy of your Title Insurance Policy
	Contact name and telephone number of your Homeowners and Flood Insurance Agent
	Copy of Your Survey

For 2nd Mortgages/Home Equity Loans:

	Copy of your 1st mortgage and note
	Copy of the Deed to your Property (note: NOT the "Deed of Trust")
	Copy of your Homeowners & Flood  Insurance policys - (coverage page(s) only)

To Apply Now...click here

Shoreline Mortgage Corporation
4000 Hollywood Boulevard
Holllywood, FL 33021
Toll Free (888) 353-1558
Phone (954) 966-1313
   Fax (954) 966-3606
E-Mail  Loans@Shorelinemtg.com

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