What information will be needed for the application (and how it's kept private)

Anything you submit over our website is 100 percent, fully secure. And we never, ever share it with anyone except by permission -- that is, if you're giving us information you want us to use to get you the best loan, we use that information to tell mortgage lenders about you and convince them to loan you money. In turn, those mortgage lenders are bound by federal law to keep your information secure.

Here is a list of the information mortgage lenders will typically use to consider your loan application.

Due to the shear number of Lenders and loan programs available to AAA Mortgage Solutions, Your Loan Officer will advise you as to what specific information is needed based on the best Lender/program that fits your unique needs and circumstances. 

For all  conforming loans

Social Security Number, for borrower and co-borrower if any

Your middle credit score from the 3 major credit reporting agencies.

Employment History:
For the last two years, employment dates, addresses, salary.
Two most recent pay stubs and  W-2 forms from the prior year.

If you are retired:

Retirement Plan if applicable,
Approximate vested interest value
Copy of latest statement.

Social Security Award letter

Other income information you may need

Check and Savings Accounts and Certificates of Deposit
Location of bank accounts, account numbers and balances;
Address of bank if out of town.
Last 3 months' statements.

Stocks, Bonds, and Investment Accounts
Broker's name and address, description of stocks, bonds, etc.
Last 3 months' statements or copies of stock certificates.

Life Insurance Policies
Insurance company, policy number, face amount, cash value, if any.

Automobiles
Make and model of automobiles, their resale value.

Other Assets
Market value of personal and household property.

If you're self-employed
Two years tax returns, profit and loss statements, both company and personal if separate.
Current balance sheet and profit and loss statement if more than two months into the new fiscal year, signed by CPA.

If you have income from:
Commission
Overtime
Bonus
Partnership
Rental Property
Trust
Notes Receivable
Interest/Dividends
You'll need two years' personal federal tax returns

If employed in family business:
Personal federal income tax returns and all schedules for the past two years

If divorced or separated:
Complete executed divorce decree and settlement agreement
Payment history of alimony/child support over the past 12 months, if it is a financial obligation.
If you choose to have this be considered as part of your income (you don't have to), be prepared to provide 12 months canceled checks or bank statements reflecting income deposits.

If you own real estate

Name and address of all mortgage lenders for the past 24 months, account numbers, monthly payments and balances.

If you've sold your home but not closed:
A copy of the sales contract.

If you've sold your home, closed, and you will use the proceeds for your new down payment:
A copy of the HUD-1 Uniform Settlement Statement.

If you rent

Name, address and phone number of landlords for the past 12 months

If you're buying a home

Purchase sales contract or offer to purchase and all addenda
Furnish contract with original signatures of buyer and seller

If a source of your down payment is a gift:
Name, address and relationship of donor.
Gift funds will be verified in both the donor and recipient's accounts.
Note: Not all loan programs allow gifts to be part of your down payment.

For FHA Financing
Evidence of Social Security Number and photo identification

For VA Financing
DD214 and Certificate of Eligibility

For Construction/Perm Loan
Signed construction with cost breakdown, builder plan and specifications