Loans / What to Bring When Applying for a Loan
- Pay stub copies for the last 30 days showing pay per pay period and year-to-date information for each borrower. If you are self employed or are claiming interest, dividend or rental income (that you would like considered), submit copies of last two year's signed federal income tax returns.
- Completed LOANLINER application.
- LOANLINER Open-End Plan Signature PLUS Agreement: Top-half is the LOANLINER agreement, signature is required, and bottom-half is an offer for Life & Disability Insurance (insurance coverage may be elected now, later or not at all, however, your acknowledgement signature is required).
If applying for a VEHICLE LOAN also provide:
- Dealer purchase order - copy of "dealer sheet," including purchase price, VIN, year, model, make and mileage of vehicle.
- If private purchase, provide written vehicle information including purchase price, VIN, year, model, make, and mileage of vehicle and bill of sale signed by both buyer and seller.
- Vehicle specs are not required at time of approval, but required before loan disbursement.
- Proof of full coverage insurance and proof that Penn State Federal is listed as loss payee are required before loan disbursement.
If applying for a DEBT CONSOLIDATION LOAN also provide:
- lender names
- addresses and account statements of all accounts (charge cards, installment loans, mortgage or rent)
If applying for a HOME EQUITY LOAN,
do not complete the online application. Contact Penn State Federal for a Home Equity Loan application.
If applying for a MORTGAGE LOAN,
do not complete the online application, see the Mortgage Checklist.
