Home Equity Line of Credit Application Checklist

Be prepared to provide the following information for your application

❑ Property information (address, purchase price, purchase date, property type)

❑ Estimated property value

❑ Requested line of credit amount

❑ Contact information (phone, mail, email)

❑ Personal information (Social Security number, date of birth, marital status,

employment status, residential status)

❑ Employment and income information

❑ Information about any other debts and financial obligations (such as car loans,

outstanding student loans, credit cards, current mortgage or home equity

accounts)

Be prepared to provide the following documentation

❑ Copy of most recent consecutive pay stubs reflecting 30 days and YTD earnings

❑ Most recent two years of W-2 forms

❑ Most recent two years of Federal Tax Returns with all Schedules

❑ Most recent bank statements (all pages)

If you are self-employed

❑ Most recent two years personal Federal and Business tax returns with all

schedules

❑ Most recent two years K-1’s from the partnership, LLC, or S Corporation (as

applicable)

If you receive Social Security benefits, pension or retirement benefits

❑ Copy of most recent retirement award letter or most recent 1099-SSA

(Miscellaneous Income) form

❑ Written verification from the organization paying income; copy of most recent

award letter, most recent1099 tax form; or most recent two years’ personal

IRS tax return documents

Proof of homeowners, hazard, and flood insurance

❑ Homeowners/Hazard insurance is required for all mortgage loans and home

equity lines of credit. Proof of insurance includes a copy of policy or certificate of

coverage, declaration page, a copy of the master policy from your homeowners

association (if applicable), an insurance binder, property insurance form or

payment receipt.

❑ If you live in a Special Flood Hazard Area, you’ll need to send us your Flood

Insurance policy’s declarations page or a copy of the master policy from your

homeowners association (if applicable) that shows you have adequate flood

insurance coverage for your home you are requesting to use as collateral