Sauk Valley Bank & Trust Co., Sterling, Rock Falls, Dixon, IL, Personal Banking, Business Banking, Mortgages, Community

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Resource Center

MORTGAGE: RESOURCE CENTER

Mortgage Checklist

It is vital that you are well informed of the loan process that is ahead of you. Use our checklist to get a head start. Begin to organize the necessary documents for a quick and smooth loan process.

Here's a list of items needed to process your loan:

Completed Uniform Residential Loan Application and Disclosures

Income information that can be verified using the following:

Copy of your most recent paystub showing at least one full month of Year to Date pay

Personal tax returns & W-2s for the past two years

If self-employed: Current Profit and Loss and balance sheet statements

If Ownership in a Corporation or Partnership of 25% or more: 2 years tax returns with all schedules, current Profit & Loss and balance sheet

Asset information that can be verified using the following:

Two months bank statements on all bank and brokerage accounts

Stock and retirement statements

This additional information will be helpful in expediting your loan

The name of your Homeowners Insurance Company

Title Insurance Company preference, if any

For Purchases: the Sales Contract and copy of canceled Earnest Money Check

For Refinances: a copy of your current mortgage statement

... or you want to build. We will provide the construction and home mortgage.

Here's some additional information needed on your new home:

Set of house plans and cost breakdown

Original construction contract, signed by all borrowers and contractor

Contractor references

Copy of settlement statement and title work from your lot purchase

Our job is to make this process as easy as possible for you. Call Pat Twining (815) 632-4704, Brian Baker (815) 718-4500 or Don Lovett (815) 288-1041. We are waiting to assist you with all of your mortgage needs.