Page 1 - AAG060_Items Needed Checklist

Home Equity Conversion Mortgage (HECM)
Loan Application Checklist
A Helpful Guide to Stay on Track
c HECM Counseling Certificate - signed by the
counselor, all borrowers, non-borrowing
spouses, and some POAs
c A clear and legible copy of one of the
following for each borrower, non-borrowing
spouse, and POA:
Driver’s License, State-issued ID card, Passport or Birth
Certificate
c A clear and legible copy of one of the
following for each borrower and non-
borrowing spouse:
Social Security Card, MediCare Card, W-2, or Social
Security Awards Letter or Statement
c Homeowner’s Insurance Declaration page -
legible copy
Current policy dates, name and contact information of
your agent
c Property Tax Bill - legible copy
If you have delinquent property taxes, please supply a
copy of your statement showing penalties and fees
c Mortgage, Equity Line of Credit, or any other
type of loan - Provide a copy of the most
RECENT MONTHLY STATEMENT
c Have there been any recent refinance or other
loans taken out in the past 12 months?
- If so, was there cash out exceeding $500?
c Yes c No
c LIVING TRUST - Provide a copy of the signed
and notarized version of the entire trust and
all amendments or restatements
c Original Death Certificate of someone who
has passed and is still on Title
c Original Power of Attorney - as applicable
c Alternative Contact - The name, address, and
phone number of a friend or relative for us to
have on file (optional)
c Income, Assets & Expenses (as applicable):
3 Income if Employed: Last 30 day pay stubs & past 2
years’ W-2s
3 Income from Social Security & Pension: A copy of
the borrower(s) social security awards letter and a
copy of the borrower(s) pension/retirement letter
from the former employer
3 Assets: Last 2 months’ bank statements, and/or
investment accounts (all pages)
3 Expenses: Social Security number to pull credit report
for mortgage, credit cards, liens, etc.
c Appraisal Payment Form
3 Check
3 Cashier’s Check
3 Money Order
3 Credit Card
AAG060