Page 1 - AAG060_Items Needed Checklist
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Home Equity Conversion Mortgage (HECM)


        Loan Application Checklist







        c       HECM Counseling Certificate - Signed by          c      Original Death Certificate of someone who has
            the counselor, all borrowers, non-borrowing              passed and is still on Title
            spouses, and some POAs

                                                                 c       Original Power of Attorney document
        c       Signed application disclosure package with all       containing all pages (as applicable)
            documents signed and dated
                                                                 c       Alternative Contact - The name, phone number,
        c      Personal Identification for each borrower,            and address of a friend or relative for us to have
            non-borrowing spouse, and POA. Provide one               on file (optional)
            of the following:
              Driver’s License, State-issued ID card, Passport or
            Birth Certificate


        c       Social Security Number verification for each
            borrower and non- borrowing spouse. Provide          Income, Assets & Expenses (as applicable):
            one of the following:                                    c      Income if Employed: Last 30 day pay stubs & past 2
                                                                        years’  W-2s
              Social Security Card, W-2,  Social Security Awards Letter   c
            or Statement. Document provided must show full 9 digit      Income from Social Security & Pension: A copy of
            social security number clearly                              the borrower(s) social security awards letter and a
                                                                        copy of the borrower(s) pension/retirement letter
                                                                        from the former employer
        c      Homeowner’s Insurance Declaration page -              c      Assets: Last 2 months’ bank statements, and/or
            Legible copy                                                investment accounts (all pages)
              Current policy dates, name and contact information     c               Expenses: Social Security number to pull credit
            of your agent                                               report for mortgage, credit cards, liens, etc.


        c       Property Tax Bill - Legible copy                 c       Appraisal Payment Information - Appraisal
                    If you have delinquent property taxes, please supply a   Management company will call you to collect
            copy of your statement showing penalties and fees        the fee upfront before inspection can be set.
                                                                     Form of acceptable payment options include:
        c       Recent Monthly Statement - For any Mortgage,         check, money order, credit card or debit.
            Equity line of credit or any other type of loan
            (ex: solar energy) secured to your property


        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
                                                                                                                   AAG060
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