MORTGAGE APPLICATION CHECKLIST

A. LOAN DOCUMENTS REQUIRED

  1. Govt. issued Photo I.D

  2. W-2 for the previous 2 years

  3. Paystubs covering 30 days period

  4. 2 most recent bank statements (for verification of funds needed to close)

  5. Mortgage Statement for all properties owned

  6. Property Tax Statement for all properties owned
    (If tax not paid through mortgage)

  7. Homeowner's insurance information for all properties owned (agent's name and phone number or Insurance Declarations page)

  8. Personal tax returns for the previous 2 years

  9. Employer Information (name, address and phone numbers of all employers over the last two years)

  10. Residence History (residential mailing addresses over the last two years)

​+ B. IF APPLICABLE

  1. HELOC / 2nd Mortgage Statement

  2. HOA Dues Invoice

  3. Solar / Home Improvement Lien Statement

  4. Copy of a Green Card

  5. Copy of Work Visa (I-797) and VISA page

  6. Bankruptcy documentation

  7. Divorce documentation

  8. Social Security / Pension documentation

​+ C. SELF EMPLOYED DOCUMENTS 

  1. Business tax returns for the previous 2 years

  2. Year-to-date profit and loss statement (P&L)

  3. Business Licenses covering a 2 year period

I self process* majority of my loan files. Does that matter?

Yes. Many online lenders quote below market rates, with "best rate scenario" conditions (which may not be applicable to every one) to attract clients. They may also require you to complete the loan application online. You are essentially spending countless hours doing their work. Then your documents are likely sent to a third party processor for loan submission. Loan processors often work for many loan originators, handling hundreds of files. Loan processors have turn times - 72 hours for new submissions, 48 hours for conditions review, 24 hours to upload documents, etc. When your interest rate is locked, every day is important. Rate extensions are expensive (extensions can cost 0.20 % – 0.50 % of the loan amount). In many cases, borrowers are charged third party processing fees (other than lender underwriting fees). By processing my loan files*, I am the single point of contact throughout the loan process – from application through loan funding. 

 

* subject to lender requirements as some lenders mandates using a loan processor. 

In comparison with major banks and online loan portals

When you work with me, you are not just an account number. There is no call center to "press 1-2-3" to wait for the next available representative to check the status of your loan application. I am available at your convenience, 7 days a week, to discuss the loan options, for rate quotes and provide fast pre-approvals. Most importantly, after close of escrow, if you have any transaction related questions, I am still accessible. 

Riju R. Sam          Residential and Commercial Loan Officer

​(T)  818-275-1019    (E)  loans@rijursam.org

 CA BRE: 01893153      NMLS: 1101409       FL MLO: LO48467     Licensed in Texas     

​ C2 Financial Corporation          10509 Vista Sorrento Pkwy, #200, San Diego, CA 92121

BRE Broker: 01821025  NMLS: 135622

NMLS Consumer Link - http://www.nmlsconsumeraccess.org        C2 Financial Corporation: www.c2financialcorp.com

The services referred to herein are not available to persons located outside the states of California, Texas and Florida. Licensed in Texas by the Texas Department of Savings and Mortgage Lending

Texas Recovery Fund Notice https://www.sml.texas.gov/ResidentialMortgageLoanOriginator/documents/rmlo_compliance_reporting/rmlo_80_200_b_recovery_fund_notice.pdf

Disclaimer: The services referred to herein are not available to persons located outside the state of California. This licensee is performing acts for which a real estate license is required. C2 Financial Corporation is licensed by the California Bureau of Real Estate, Broker # 01821025; NMLS # 135622. *Loan approval is not guaranteed and is subject to lender review of information.  Loan is only approved when lender has issued approval in writing. Specified rates may not be available for all borrowers. Rate subject to change with market conditions.  C2 Financial Corporation is an Equal Opportunity Mortgage Broker/Lender.  

C2 Financial Corporation is approved to originate VA and FHA loans, and has the ability to broker such loans to VA and FHA approved lenders. C2 Financial Corporation is not acting on behalf of or at the direction of HUD/FHA or the VA.