What You Need to Apply

For home owners who have built up equity in their home, a Home Equity Line of Credit is a great choice for a variety of purposes — making home improvements, purchasing a car, financing a college education, consolidating debt, and more. So when you’re ready to turn the equity in your home into flexible funds you can use for practically any purpose, turn to the Bank you trust, Burke & Herbert Bank.

Find out what documents or information you may need to support your loan application below.

Before you begin

Required Documents

Copy of one form of government issued photo ID (Per Federal regulations, the Bank does
not photocopy or maintain copies of Military or Armed Forces IDs)
Copy of current monthly mortgage statement (all properties owned)
Copy of existing homeowner’s insurance policy (all properties owned)
Copy of lease agreement for any rental properties
A brief letter of explanation describing the purpose of the HELOC funds
Proof of HOA (Homeowner’s Association) fee or letter advising there is No HOA fee (all properties owned)

If you are currently employed:

Most recent two years of W-2 forms
Pay stubs from the most recent 30 days
Most recent two years of Personal Federal Income Tax Returns if 25% or more of income is derived from Bonus, Overtime, or Commission (all pages and schedules)

If you are self-employed:

Most recent two years of Personal and Business Federal Income Tax Returns (all pages and schedules)
Current year-to-date profit and loss statements
Copy of active business license (if applicable)
Three months of business bank statements

If you are retired:

Most recent awards letter or monthly statement for all Social Security and pension income including proof of direct deposit in most recent two months of bank statements
Most recent two years of 1099-R forms
Most recent two years of Personal Federal Income Tax Returns (all pages and schedules)

Need Help?

Call us at 1-855-571-5824 and ask to speak with a Home Equity Lending Specialist.