Application Checklist

Completing our secure online application goes quickly if you have all the data in hand. Follow this checklist to make sure you have everything you need. Contact your AgStar Home Mortgage Specialist or contact us with questions.

Application
Available online or in a printable version.

Income

  • Pay stubs from your present employer covering the most recent 30 days, showing year-to-date gross income
  • W-2 forms for all employment for all borrowers for the most recent two years
  • Signed and dated copies of your complete federal tax returns for the most recent two years
  • Verification/explanation of - Commission Income, Bonus Income, Disability, Child Support/Spousal Support, Overtime Income, Pension/Retirement, Other

Assets

  • 3 months statements (all pages) for ALL savings, checking,mutual fund, stock, bond accounts listed on the application
  • Copy of Purchase Agreement for property to be sold in order to qualify for this loan and/or provide necessary cash to close
  • Gift letter, if applicable

Liabilities (Debts)

  • Name, address, account number of existing mortgage holders, contract for deeds or landlords
  • Name, address, account number, balance owing and monthly payments for all installment debt and revolving credit accounts
  • Letter of explanation for all that apply - Slow pay on credit, Default, Foreclosure, Judgments/Liens, Bankruptcy, Other

Self-Employed/Commissioned, Other Non-W-2 Income (if applicable)

  • Year-To-Date Profit and Loss Statement (and Balance Sheet ifcorporation or partnership)
  • Year-to-date profit and loss statement, plus a balance sheet of corporation or partnership
  • Corporate/Partnership Tax Returns (complete) – Most recent 3 years

Purchase (if applicable)

  • Copy of signed purchase agreement for the new property
  • Name and address of current property owner
  • Name and phone number for listing and selling real estate agent(s) involved in the transaction, if any
  • Copy of earnest money check

Construction (if applicable)

  • Plans/drawings and specifications
  • Signed sworn construction statement itemizing acquired bids or builder’s contract
  • General contractor name, address and phone number
  • If land is currently owned less than one year, copy of settlement statement from the land purchase

Refinance (if applicable)

  • Most recent property tax statement for subject property
  • Declaration page of property insurance policy
  • Location of abstract OR
  • Copy of title insurance binder OR
  • Torrens certificate of title

Debt-Consolidation (if applicable)

  • Most recent statement for each account to be paid off with loan proceeds. Statement must include account number, current balance, creditor’s address and phone number.

Other Items (if applicable)

  • Final divorce decree
  • Legal separation papers
  • Bankruptcy schedule and discharge
  • Social security/disability award letter and 1099s
  • Contract for deed to be paid off
  • School transcripts, diploma