Frequently Asked Questions: Understanding 1098 Mortgage Interest Statements

What is the 1098?

The 1098 Mortgage Interest Statement is an IRS form that we send our customers who have paid at least $600 in interest on their real estate secured loan(s). This statement is used for tax reporting purposes. You may also receive 1098s from other financial institutions.

Will I receive a 1098 from you?

You will only receive a 1098 form in the mail if you have paid $600.00 or more of interest on a real estate secured loan. 1098's will only be mailed out for real estate secured accounts that had $600.00 or more of interest paid in a particular calendar year.

Can I get a 1098 on my unsecured account?

We do not generate 1098's on non-real estate secured accounts.

Can I access my 1098 online?

If your account is registered on the web site, you can view at least your current information on secured accounts only. If the 1098 information you need is not available, please contact Customer Service at 800-365-0175.

What if I have a question on my 1098 information?

Please contact Customer Service at 800-365-0175.

Can I claim the "points/origination fees" I paid as mortgage interest?

Please contact your tax advisor to see if points/origination fees can be deducted for tax reporting purposes.