The First State Bank Mortgage Checklist

Securing a mortgage at the Lake of the Ozarks requires some planning and organization. Use this checklist from First State Bank Mortgage to get started gathering information that will need to be provided to your Lake of the Ozarks mortgage lender during the home loan process.

Mortgage Checklist  

While some of these items may not apply to you, the following may be required to secure your home loan at the Lake of the Ozarks. To speed along your loan process, start collecting these items now.

• Current Driver's License or ID 
• Copy of the Trust Papers (if you want your property held in a trust) 
• Copy of Accepted Contract (signed by both the buyers and sellers)
• Copy of Earnest Money Check   
• Check for Application Fee (covers appraisal and credit report fees) 
• Present Employer's Name, Address & Phone Number as well as,
• Length of Employment, Position & Salary (if employed less than 2 years, please provide the previous employers' info for the past 2 years)
• Most Recent 2 Years' W-2 Forms
• Current Paycheck Stub (reflecting year-to-date income of 30 days or more)
• If you are self employed, have been paid any commission, or have received any business income, bring documentation: copies of your federal tax returns along with all schedules and W-2s for the past two years,  including corporate or partnership returns, if applicable, for your business.  Also include a year-to-date P & L statement.
• Verification of Other Income Needed to Qualify (such as retirement, rental, interest or dividend income, as well as social security or pension income)
• Last Two Months' Bank Statement for all accounts (provide explanations of any deposits larger than normal paycheck)

 

If Applicable: 

• Past Three Years' Federal Tax Returns (if applying for MHDC grant) 
• Accepted Offer to Purchase or Copy of Listing Contract (for any property you have for sale) 
• Address, Name of Mortgage Lender, Mortgage Statement and Lease Agreement (for any investment property you own)  
• Evidence of Child Support Payments (for the last 12 months, if applicable, along with divorce decree and court order)
• Divorce Decree Order (or any other financial obligation incurred through court order) 
• Copy of Judgement or Bankruptcy Discharge and Petition (with letter of explanation) 
• Certificate of Eligibility & Copy of DD 214 (for VA Loans) 

Talk to the best mortgage lender at the Lake of the Ozarks regarding any questions about documentation for your Lake of the Ozarks home loan. When it comes to your financing needs, I'm committed to working with you every step of the way. I'll discuss financing options, offer competitive interest rates and back it up with the first class service you deserve. Give me a call today at 573-746-7211. 

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Michael Lasson

Sr. Residential Mortgage Lender

NMLS #: 493712

2265 Bagnell Dam Blvd, Suite B

PO Box 1449

Lake Ozark, MO 65049

Direct:  (573) 746-7211

Cell: (573) 216-7258

Fax:(573) 693-9141

Email:  mlasson@fsbfinancial.com

**The postings on this site are my own and do not necessarily represent First State Bank of St Charles’s positions, strategies, or opinions.