Loan Application Instructions

A properly documented and executed loan application makes your loan process go smoothly and quickly. Please follow the instructions and use the checklists not only to ensure a smooth hassle free procedure - Print this checklist and instructions and keep them handy.

Make sure you answer every question and complete every field. Use main phone numbers or phone numbers to Human Resources for employment info and complete the address sections. Please make sure to fully complete prior employment including dates and salary info.

2. Fax your documents within 48 hours to fax number 678-922-2284.

W2's 2008/2009
Most recent full 1 month's pay stubs
Self employed - full tax returns 2007/2008 signed and dated with ALL schedules/attachments

Most recent 2 month's bank statements - ALL PAGES - can be printout from net but MUST include name and account number or underwriter will not accept

Copy of Driver's licenses
If NOT a US citizen, provide a copy of green card (front & back),
if NOT a permanent resident alien provide documentation form department of immigration and/or human resource department of current employer

***following items are for refinance loans only
    Current Mortgage Statement
    home owner's insurance declaration page
    Statements on any debts to be paid off
    If you are requesting cashout over 50K, provide a
    letter explaining how you will use the money.

PURCHASE TRANSACTIONS - PLEASE ALSO INCLUDE copy of purchase and sales agreement and all addendums
copy of deposit/earnest money

indicate where funds for down payment will be coming from and provide most recent 2 month's statements ALL pages

if any large deposits in those statements please provide documentation showing where those large deposits came from. Underwriter will need to source those based on Fannie Mae/Freddie Mac/FHA guidelines.

If funds will be from a gift we will supply a gift letter for donor signatures/dates and list of supporting documentation needed for approval.

home owners' insurance agent contact info once you have

3. Order your appraisal through your Loan Officer for HVCC

Appraisals will be ordered only when your loan receives Fannie Mae/Freddi Mac, or FHA approval. Appraisal fee goes to the appraisal management company.

Conventional - $325 - $350 varies by property location
FHA - $395 - $450 varies by location

4.   Sit Back and Relax! knowing you saved over $450+ vs. our competition
      by following our simple, easy, time saving procedure. A Senior Loan
      Officer will be in touch immediately to verify receipt off all the items
      above and put your loan file in action. THANKS!

Charter Mortgage Network, LLC - 6232 North Pulaski Road suites 200-400 - Chicago, Il 60646
Office Phone: (888) 280-5577 Fax: (678) 922-2284

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Document Checklist and Instructions for Pan American Mortgage LLC, DBA Charter Mortgage Network, LLC for online transactions.

Online applicants receive preferred rates and lower costs from an "A" rated Better Business Bureau Bank

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