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Home - Emporia State Federal Credit Union

Mortgage Process

Before You Apply

Before you apply for a loan, it helps to have all of your documents in one place.

Here is what you will need:

  • Name, current address, social security number
  • Name(s), and work number(s) of employer(s) for the past two years
  • Monthly income for you and your co-borrower
    • Most recent pay stub(s) with year-to-date income(s) includes bonuses, commissions and overtime income for the past two years (this information is on your tax return)

Here is what you might need:

  • If you are self-employed, you will need the last two years' tax returns for the type of business you own: Sole Proprietorship (Schedule C), Partnership (From 1065), or Corporation (Form 1120 or 1120s). In addition, the last two years' personal tax returns (including K-1s)
  • Documentation to support credit history problems (if applicable), which can be a written explanation of late payments, bankruptcy (petition and discharge papers), defaults, judgments, and/or liens
  • As part of closing, we will have to verify all funds that you receive; so, it's a good idea to get together any documents that will verify proof of receipt or deposit for funds, like gifts and trust accounts

Not sure what all applies to you? Don’t worry, our mortgage experts can help!

Having enough saved up for a down payment can be intimidating, but it doesn’t have to be.

First, begin by totaling up your total assets:

  • All checking and savings accounts
  • Stocks, bonds, stock options, 401k value
  • 401K loan
  • Gifts from family

Still not seeing the number you are looking for? That’s okay!

We have several loan options, some of which require less of a down payment than others. Reach out to one of our mortgage experts today!