The following information is usually required to process a loan request for most conventional products. OGI has the ability to offer non-traditional loan products and could require alternative documentation, but this is a good start. The loan application should be completed using the information below:
- Social Security Number (all borrowers)
- Pay stubs for last 30 days
- Your tax returns for the past two years (with W-2’s if applicable)
- Bank statements for the past two months (for asset verification)
- Investment account statements for the past two months (if applicable)
- Life insurance policy
- Retirement account statements for the past two months
- Make and model of vehicles you own and their resale value
- Auto loan account information
- Credit card account information
- Personal loan account information
- Divorce Decree (if applicable)
- Prior Bankruptcy Documentation (if applicable)
If your application is for a loan product that will require alternative income documentation using either personal and/or business bank statements:
- One month bank statement; or
- Twelve (12) months bank statements; or
- Twenty-four (24) months bank statements.
If you currently own real estate:
- Mortgage account recent statement;
- Home insurance policy information;
- Home Equity Line of Credit or 2nd Trust Deed account information (if applicable);
- Copy of your current note (if you are refinancing).
For purchase transactions (some of these items won’t be applicable until you have a property under contract):
- Copy of your canceled Earnest Money Deposit Check
- The Purchase Contract
- Escrow company information (if applicable)
No verification of documents and/or information will be required prior to a consumer receiving the Loan Estimate.
