Loan Application Checklist

We want your home lending experience to be quick and easy. To help us make a prompt and thorough credit decision, please be prepared to provide us with the items and information listed below.

Verification of Income

  • For salaried or hourly borrowers: W-2 forms for the past two years and pay stubs for the most recent 30-day period
  • For self-employed borrowers: profit and loss statements and personal and business tax returns for the most recent two-year period
  • Social Security: copy of most recent Social Security benefits statement
  • Rental income: personal and business tax returns for the most recent two-year period
  • Child support or alimony: copy of the divorce decree and proof the income has been received

Verification of Assets

  • Listing of bank accounts with copies of checking / savings statements for the previous two months
  • Listing of investment accounts with copies of statements for the previous two months
  • Listing of retirement accounts with copies of most recent statements and terms under which funds may be withdrawn (not needed for accounts currently held with CommunityOne Bank)
  • Gifts: copy of gift letter (which must state that money will not have to be repaid) and copy of gift check

Property Information

  • If a purchase: copy of the signed purchase contract
  • If a construction loan: copies of plans, specifications and signed construction contract with the builder

Additional Information

  • Listing of Debts and Real Estate Owned Property
  • Home and work addresses for the last two years
  • $500 check made payable to CommunityOne Bank, N.A. for appraisal

For Refinance Loans

  • Copy of the deed
  • Copy of the homeowners insurance policy
  • Estimated annual property tax
  • Copy of the existing note showing agreement and balance (if with another financial company)