What documents do I need to apply for a HELOC?

HELOC Application Requirements:
o Fully completed application
o Copy of Mortgage Note if USB does not hold 1st mortgage
o Copy of 1st mortgage monthly statement (recent) if not USB to verify taxes and insurance

Income documentation Requirements:
o For non-self-employed borrowers: 2 most recent pay stubs and most recent 2 years W-2
o For commission/bonus employees: 2 years W-2’s, 2 most recent paystubs
o For self-employed borrowers: signed copies of last 2 years tax returns (all pages and schedules)

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