Consumer Loans

The first thing you’ll need to do before applying for a consumer loan is create a loan application packet by gathering personal and financial information such as:

• Pay stubs for the last 30 days
• W-2 forms from the last two years
• Signed federal tax returns from the last two years
• Documentation of any other sources of income
• Your two most recent bank statements
• Documentation of the source of your down payment: investment or savings account statements showing at least two months’ history of ownership. If some of the funds were a gift, get a signed statement from the giver stating that the funds were a gift.
• Documentation of name change, if recent
• Proof of your identity (typically a drivers’ license or non-driver ID)
• Social security number
• Certificate of housing counseling or home buyer education, if you have one

You’ll also want to know your credit score and history, debt to loan ration, what collateral you can provide and have your origination fees in place.

Once you’ve put together your loan application packet call us at our Cos Cob branch to set up an appointment to speak with our lending expert.