REQUIREMENT LIST FOR HOME EQUITY LOAN

Thank you for choosing SCORE Federal Credit Union for your home equity loan. Whether you are consolidating debt or making improvements to your home, we can help you achieve your goals. In order to expedite the process, please provide copies of the following documents and return them at your earliest convenience. As your loan officer, I want to make this process as simple as possible for you. If you have any questions, please feel free to contact me.

Copy of appraisal: If you have an appraisal that has been completed within the last two (2) years we may be able to use it for this loan.

Tax Assessment: A recent copy of the Ad Valorem Tax Assessment is required.

Title Insurance Policy: We will need a copy of the owner's title policy or a copy of the Deed to the property.

Verification of First Mortgage: Copy of your most recent statement showing the principle balance, or a status letter from the mortgage holder (this may be obtained from your lender).

Income Verification: Please provide a copy of your most recent pay stub showing year to date income, a letter from your employer on their business letterhead, or a copy of your most recent tax return. If self-employed, provide your last two (2) years' tax returns.

Insurance Policy: Recent copy of your insurance policy. At closing we will require a copy of this policy listing SCORE as the second mortgagee on the property.

Proof of Flood Insurance: SCORE will determine by research of FEMA flood maps whether or not your home is in a flood zone. If your residence is designated within a flood zone, you are required by law to obtain flood insurance and to designate SCORE as a loss payee.

The following disclosures will need to be signed and returned also. DISCLOSURE/AGREEMENT REGARDING COSTS PROPERTY INFORMATION FROM HOMEBUYER DISCLOSURE STATEMENT REGARDING SERVICING VOLUNTARY INFORMATION FOR GOVERNMENT MONITORING

Valerie S. Flowers Mortgage Coordinator 850-488-1015, ext. 207