ASSUMPTION PACKAGE - loanadministration.net

ASSUMPTION PACKAGE We appreciate your interest in downloading our ASSUMPTION PACKAGE . We understand that purchasing a home is one of the biggest decisions to make and we are here to help you through it. An ASSUMPTION may or may not be the right option available for you. Please read the FAQ section of the ASSUMPTION PACKAGE for additional information. If you still have questions, don t hesitate to contact our ASSUMPTION Department for more information. Please note: all loans are subject to investor guidelines and approval. Not all applicants are eligible. Here's what you need: Name, current address and social security number Name(s), and work number(s) of employer(s) for the past two years Monthly income for you and your co-borrower (most recent pay stub(s) with year-to-date income) including bonuses, commissions and overtime income for the past two years (this information is on your tax return) If you are self-employed, you will need the last two years' tax returns for the type of business you own: Sole Proprietorship (Schedule C), Partnership (From 1065), or Corporation (Form 1120 or 1120s).

VA ASSUMPTION PACKAGE WITH RELEASE OF LIABILITY The loan must be current PRIOR to the receipt of the Assumption Package.The assumption process will NOT begin until the below items and monies required are received by our office. If the loan becomes delinquent during the

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