Buying a home or refinancing is one of the most important financial decisions you will ever make. A home can be an excellent investment because generally a home will increase in value over the years. Homeownership may also result in tax benefits with mortgage interest and property taxes usually being tax deductible. It may also be beneficial to refinance your mortgage to obtain a lower interest rate, get cash out, or shorten the life of the loan creating equity more quickly. Siouxland Bank is proud to assist in the home buying or refinancing process.

After receiving an application, below is an example of information we may ask for in regards to our application.  These documents may be needed to support the information submitted in the application:

  • Executed Purchase Agreement
  • Verification of Income Documentation:
    • Last 2 recent paystubs within the last 30 days
    • Last 2 years W-2s / 1099s
    • Last 2 years Completed Tax Returns
    • Last 2 years Business Returns, K-1s, Balance Sheets, and YTD Profit & Loss (Self Employed)
  • Verification of Assets:
    • Most recent 3 months banks statements
    • Most Recent Mortgage Statement Showing Escrow for Taxes and Insurance
  • Additional Documents if Applicable
    • If currently renting, landlord name and address
    • Divorce decrees and property settlement, if applicable
    • VA—DDA214 if you have had any active duty or Points Letter if you have one