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