Financing

You have found a home, let's see what you will need to get a loan.

Documents that are generally required to process a loan application:

Name and address of employer for past two years.

W-2's for past two years.

Pay stubs for past 2 pay periods.

Housing for past two years:
If renting - name, address, and daytime phone of landlords
If buying a home - mortgage lenders name, address, and account numbers

List of all debts:
For each, include account number, monthly payment, current balance, lenders name and
address.

Last two months bank statements for checking accounts.

Last quarterly statement on 401-K, savings, thrift, stock, etc.

Copy of drivers license and social security card.

Verification of Social Security or retirement income.

To verify assets from sale of present home, the following are needed:
Listing Contract, Offer and Acceptance, and Settlement Statement.

Final divorce decree, property settlement and statement of child support received.

If self-employed, personal tax returns for past two years and YTD Profit & Loss and Balance Sheet.

Partial list of lending institutions in our area processing real estate loans:

Oklahoma

    Central National Bank            209 Clayton                Poteau             918 647-2233
     First National Bank                400 E. 1st                   Heavener         918 653-4845
     Spiro State Bank                    1008 W. Broadway     Spiro               918 962-2453
     Superior Federal Bank            1907 N. Broadway      Poteau             918 647-3678
     The Community State Bank    1409 N. Broadway      Poteau             918 647-8101

Arkansas

   City National Bank                1222 Rogers Ave.        Ft. Smith        501 785-2811
      First National Bank               602 Garrison                Ft. Smith        501 782-2041
      Merchant's National Bank      6th & Garrison            Ft. Smith        501 785-7500