Worksheets / Checklists
Monthly income
  • Borrower’s gross monthly income (before taxes) $________
  • Co-borrower's gross monthly income (before taxes) $________
  • Other verifiable income $________
  • Total income $________

Monthly housing expense

  • Principal & interest + taxes & insurance $________
  • Homeowner’s association dues, or $________

Total monthly housing payment (a)$________

Total monthly payments of all other debt (Revolving plus installments) (b)$________

Total monthly obligations (Add a + b from above) $________

*Total housing expense divided by income = ___________%
(should not exceed 28%).

**Total obligations divided by income = ___________%
(should not exceed 36%).



How much equity do you have available (for a Piedmont PRIME Equity Line) loan?
  1. Write the estimated value of your home. $________
  2. Multiply the estimated value times 80%. $________
  3. This figure is used to estimate the funds available for your equity line. $________
  4. Write the remaining balance of your current mortgage. $________
  5. Subtract the amount on line 4 from the amount on line 3 to get an estimate of the maximum amount available for your equity line. $________


Use this checklist to make sure you have all the important information you’ll need for your loan application.
  1. Your Personal Data
    • If purchasing, provide a copy of signed and dated sales contract and legal description of the property you’re buying.
    • The address and phone number of all employers for the previous two-year period. Be sure to have the exact dates of employment with each employer (month and year), and we must have correct addresses to send employment verifications.
    • Copies of your W-2s for previous 2 tax years.
    • Copy of your 2 most recent pay stubs if paid monthly, 3 most recent pay stubs if paid bi-monthly, bi-weekly or weekly.
    • Self-employed individuals please provide signed dated tax returns with all tax schedules for the last two years, year to date P&L statement and a balance sheet.
    • Current awards letter for social security income, VA benefits and retirement income.
    • Social Security number.
    • The address of where you have lived for the previous two-year period. If you rented, provide landlord’s name, address and phone number.
  2. Your Assets
    • All bank balances, account numbers, names and addresses of banks.
    • All stocks and bonds owned.
    • Market value of all real estate owned, payment amounts and taxes.
    • If rental income is received, signed and dated tax returns for the previous two years.
    • An executed copy of documentation regarding any alimony, child support or separate maintenance. A copy of any divorce decree is required.
    • Approximate amount of vested interest in any retirement plan.
    • Make and year of all cars, boats, etc., plus market value of each.
    • Face amount and cash value of life insurance policies.
    • Documentation of income from any other source.
    • Value of all household and personal possessions — the estimated lump-sum dollar amount.
    • Be prepared for us to verify the source of funds to close the loan when you make application. Unsecured borrowed funds are not acceptable.
    • Be sure to advise the loan officer taking your application of recent raises, raises forthcoming, bonuses, company-furnished car, commissions, overtime, etc. This could be very important in obtaining loan approval.
  3. Your Liabilities and Established Credit
    • All revolving and installment debts (auto loans, credit cards, etc.) balances and payments.
    • If a present home is pending sale, submit a copy of the sales contract. If already sold, submit a certified copy of settlement statement (HUD-1).
    • Any existing mortgage payments you have.
    • Documentation of all required payments for child support or alimony, other maintenance support or equitable distribution obligations. A copy of divorce decree will be required.
    • Homeowner’s Association dues, if applicable.
    • Credit references, if necessary, with names, addresses, account numbers, etc.
Mortgage Rates Check Todays Rates Personalized Rate Quote Mortgage Application Login
Did you know you can apply
for a home loan online?

Unlike many other lenders, at Piedmont
Federal we do not sell your loan.
That way your money stays right here.
Check out our great home loan options
or check our rates and apply now.

Footer About Piedmont Federal Contact Piedmont Federal Piedmont Federal Media Piedmont Federal Privacy Notice Piedmont Federal Customer Care Like Piedmont Federal on Facebook
© 2016 Piedmont Federal | Equal Housing Lender Logo Equal Housing Lender, Member FDIC