Copies of W-2’s and signed tax returns for last two years.
Copies of paycheck stubs for last 30 days (most current).
Copies of checking and saving account statements for last two months (all pages).
Copies of quarterly or semi-annual statements for checking, sharing etc.
Copy of Sales Contract (when available)
Employment history last two years (address any gaps in employment).
Residency history last two years, with name, phone number, address, and account number of landlord or a mortgage statement. For rental property; copies of leases plus mortgage information, property tax, HOI.
Canceled earnest money check (when it clears) or corresponding bank statement, if applicable.
Any assets used for down payment, closing cost, and cash reserves must be documented by a paper trail.
Copy of social security card and driver’s license.
If paid off mortgagein the last year, need copies of CD/HUD1 or release of lien.
Refinance copy or note, settlement statement, survey.
Documents Which May Be Required:
Relocation Agreement if move is financed by employer, i.e. buyout agreement plus documentation outlining company paid closing costs benefits.
Previous bankruptcy – need copies of petition for bankruptcy and discharge, including supporting schedule.
Divorce Decree if applicable.
Documentation supporting monies received from social security/retirement trust income, i.e. copies of direct deposit bank statements, awards letter, evidence income will continue.
Self-Employed Borrowers Additional Documents:
Copies of signed business tax returnsfor last two years.
YTD Profit & Loss Statement and Balance Sheet.
Copy of Business License or CPA contact information.
1099s or K1 forms.
Documents Needed for FHA/VA Loans:
FHA: Copy of social security card for each applicant and co-applicant.
VA: Original certificate of eligibility and copy of DD214 discharge paper.
