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MORTGAGE APPLICATION INFORMATION
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The following information is needed at time of application. An appointment is required. Please contact any one of our branch locations to schedule a convenient time.
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New Purchase*
1. Ratified copy of sales contract with any addendum.
2. Copy of listing, or information property.
3. Legal Description.
4. Copy of old location survey and/or lot dimensions.
5. Information on taxes, special assessments, front foot charges, homeowner?s association, etc.
*This information is normally supplied by the seller of Realtor.
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Refinance
1. Current mortgage statement or coupon book.
2. Year-end mortgage statement for previous year.
3. Title Search
4. Survey
5. Copy of taxes (Town, City, Village, School, etc.)
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Income Information
1. All employer's names and addresses for past 2 years, income data:
• Pay stubs (for current month)
• W2 forms (past two years)
• Tax returns (past two years)
– If you are self employed make sure to include Profit & Loss statement of taxes.
2. Proof of alimony or child support: if you would like it Considered (copy of decree or agreement.
3. Documentation of income from any other source (pension, social security, and rental income.)
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Assets
1. Bank/Credit Union Accounts: name, address and account numbers.
2. Stocks and bonds: copy of certificates, or broker statements; serial number of bonds.
3. Real estate owned: copy of deed, or sales or rental contract.
4. Year, make, model and approximate resale value of all autos, boats, campers etc.
5. Life insurance: face amount and approximate cash value. (Keep in mind, that these life insurance payments may be included in your monthly debt.)
6. Retirement information: type of plan and approximate amount.
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Liabilities & Established Credit
1. Current debts: name, addresses, account numbers, current balances, & monthly Payments. (If you are not liable for any current debts, please provide names, Addresses, account numbers, and dates paid of previous liabilities.)
2. Mortgage information: name, address, account number, current balance, monthly payment, and/or paid off date.
3. Rental information: Landlord?s name & address, and monthly payment.
4. Documentation of ALL required payments for alimony/child support (decree etc.)
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TRADITIONAL AND ROTH IRA ANNUAL CONTRIBUTION LIMITS
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Year
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Individual Contribution Limit
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Spousal Contribution Limit
(Split between Spouses)
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Additional ''Catch-UP'' Amount for Owners Ages 50 and Older
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2005
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$4,000
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$8,000
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$500
(Total of $4,500)
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2006
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$4,000
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$8,000
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$1,000
(Total of $5,000)
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2007
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$4,000
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$8,000
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$1,000
(Total of $5,000)
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2008
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$5,000
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$10,000
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$1,000
(Total of $6,000)
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2009
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$5,000
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$10,000
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$1,000
(Total of $6,000)
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2010
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$5,000
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$10,000
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$1,000
(Total of $6,000)
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2011
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$5,000
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$10,000
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$1,000
(Total of $6,000)
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Loan Department at 854-2458, our Harlem Road Branch at 835-6355 or our Orchard Park Branch at 675-5900 for current rates.
Your Credit Union is committed to protecting the privacy of its members. Regular non-encrypted Internet email is not secure. Messages sent via any department links from our website are not secure and should never contain any personal or sensitive information such as account numbers, social security numbers, passwords, etc. Our staff will never reply back to these email messages with confidential member information.
Email messages initiated through our Home Banking service, Virtual Branch, are fully secure through SSL.
These links have been provided for informational purposes only and should not be considered to be endorsed by the Credit Union. Please be aware that when linking to any one of these sites, you are leaving the Credit Union Website. The Credit Union's Privacy Policies do not apply to linked websites. You should consult the privacy disclosures on that site for further information. The Credit Union does not represent either you or the third party if the two of you enter into a transaction. The Buffalo Community Federal Credit Union does not provide, and is not responsible for, the product, service, or overall website content available at a third party site.
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