Provided below is a list of the information you should collect and have ready when you apply for your loan. Original documentation, when available, is preferred. We will make a certified copy for our file and return the original document(s) to you promptly.
Other Income: If you would like for The Union Bank to consider income from child support, alimony, or separate maintenance, the following will be required:
Assets: To verify evidence of sufficient funds for closing, the following will be required:
Obligations: To verify financial obligations (debts) other than consumer credit accounts:
Property: Provide copy of fully executed Purchase Contract, signed by real estate agent(s) and owner(s).
This is the amount of money you have available to put down toward the purchase of a home. The down payment and the loan amount make up the purchase price of the home.
Examples of acceptable sources for your down payment are savings accounts, money market accounts, the sale of real estate, stock liquidation, IRAs, 401(k), cash value of a life insurance policy, brokerage accounts, retirement accounts and gifts.