Mortgage Loan Process

We'll pull your current credit report and discuss your available loan options based on your credit. We'll calculate closing costs and payments and provide you with a Loan Estimate.

We’ll request documentation to verify your income and loan eligibility. Here is a list of documents you may need:

• Most recent 30 days of paystubs; or if self-employed, copies of your last two years' tax returns.
• W2 from the previous year.
• Most recent 2 months of statements for any new assets listed on the application.
• Current home owner's insurance policy.
• Most recent monthly billing statement for any existing loan against your property.
• Contract to purchase. (If you are buying a new home.)

Required documentation will vary based on your application.

We’ll invite you to utilize Credit Union of Colorado Application Tracker at mo.cuofco.org. Application Tracker lets you securely upload documents and will send you email and text updates regarding your loan status.

The appraisal step is required for home buying and refinancing and is a safeguard against spending more on your home than it’s worth. Appraisers are third parties and will realistically appraise your property for its actual worth.

After steps 3 and 4 are complete, we’ll complete the final underwriting, verify property taxes and homeowners insurance, and obtain final payoff on your current loan (if you are refinancing).

We schedule your closing when you’re ready. We’re here to help make the closing process as quick as possible.