• Keep originals of all pay stubs, bank statements (all pages) and other important financial documentation. We recommend that you do not pack any of these items away. Alambry Funding is required to update documents that are over 30 days old prior to the closing of your mortgage loan. (This is required even if your loan is approved.)
• Provide all documentation for the sale of your current home. (i.e. Listing Agreement, Agreement of Sale, Closing Statement, Employee Relocation Program.)
• Notify your mortgage consultant if you plan to receive gift funds for closing costs.
• Notify your mortgage consultant of any employment changes of any Borrower listed on the Agreement of Sale (i.e., change of employer, recent raise/promotion, transfer, change of pay status—such as salary to commission scale—etc.)
• If you change jobs/employers, advise your Mortgage Consultant.
• Making major purchases during or prior to closing (i.e., new car, furniture, appliances, electronics, etc.) may impact your qualification ratios. Please discuss these potential purchases/charges with your Mortgage Consultant to have him/her calculate what your ratios would be with any additional debts or if the reduction in cash assets will affect the cash required to close or the loan to value.
• If you obtain and/or deposit unusually large sums of money, please notify your Mortgage Consultant. Normal underwriting guidelines require documentation as to the source of these funds (i.e., copy of bonus check, copy of tax refund, copy of insurance settlement, gift letter with copy of check and deposit slips, etc.)
• Prior to closing/opening or transferring any asset accounts, please advise your Mortgage Consultant about receiving proper documentation necessary for your loan file. (i.e., if you transfer all the funds in your stock account to your savings account, documentation is required)
• It is recommended that you do not open or increase any liabilities, including credit cards, auto loans, etc., during the loan process. Please check with your Mortgage Consultant for any documentation that will be required and what impact this would have on your qualification ratios.

Please be aware that as the loan process continues, additional information/documentation may be required. Other program details and restrictions may apply. This is not considered an offer to make a mortgage or extend consumer credit. Rates and terms subject to change without notice.