One of the Top Mortgage Companies in Memphis, TN Offers Mortgage Tips

Loan applicants are also required to submit bank statements for their checking, savings, and money market accounts for the last sixty days.

Brentwood, TN (prHWY.com) February 15, 2013 - Brentwood, Tennessee (October 17, 2012) - Churchill Mortgage Corporation, one of the top mortgage companies in Memphis, TN, shares tips on how to make mortgage loan applications easy. The company is a trusted resource for financial services. It is an approved lender for Federal Housing Administration (FHA) loans and Veterans Administration (VA) loans, catering to the needs of first time homebuyers.

The company shares a list of the ten most important items needed for a loan application. Items needed include pay stubs for the last 30 days, a fully executed sales contract, copies of a driver's license, W-2s for the past two years, and tax returns. Self-employed individuals are required to provide the most recent business licenses from the last two years or a letter from their CPA stating that they have been in business for the last two years.

Loan applicants are also required to submit bank statements for their checking, savings, and money market accounts for the last sixty days. Individuals refinancing or buying a home and bringing over $500 to close their new loans must wire the funds directly to the Title Company for the closing, or must have a cashier's check. Statements from any assets including stocks, bonds, retirement accounts, 401Ks, 403Bs, and mutual funds, for the past 90 days are also required.

In addition to these requirements, the names and phone numbers of landlords and/or employers must also be submitted. Applicants who have filed for bankruptcy within the last decade must also present all pages of the bankruptcy papers and the discharge letter.

Churchill Mortgage Corporation is of the top mortgage companies in Memphis, TN, providing conventional, FHA, and VA residential loans. The company was founded in 1992 and serves more than 25 states. They also offer appraisal management services, title insurance services, and property and casualty insurance services.

Visit www.Memphis.ChurchillMortgage.com for more information.

About Churchill Mortgage Corporation

Churchill Mortgage Corporation is a licensed multi-state lender accredited by the Better Business Bureau. The company is growing residential mortgage leader, with more than 240 employees in 13 offices.

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