Documentation
General documentation for all loans:
- Pay stubs for the most recent 30 days
- Information on any other income you wish to have considered, such as a part-time income, rental income, etc
- W-2’s for the past two years
- Name, address and phone number of landlord for the past 24 months
- Copy of the purchase and sale agreement
- Previous two months bank statements on accounts (checking, savings, CD’s, brokerage, mutual funds, etc.)
- Most recent statements on asset bearing accounts if generated yearly or quarterly (401K, IRA, etc.)
- Copy of social security card and driver’s license
If you are self employed, receive commission income, or own investment properties:
- Previous two years signed tax returns with all schedules attached
- Previous two years corporate/partnership tax returns
- Year-to-date profit and loss statement (self employed only)
- Current leases on investment properties with rental income
If you have been divorced:
- Complete signed copy of all divorce decrees
- Proof of receipt of child support payments for the last 12 months
If you have declared bankruptcy in the last 7 years:
- Copy of Petition/Decree, Schedule of Creditors, and copy of Discharge if you are relocation with company benefit
- Copy of Company’s Relocation policy
- Letter from employer stating effective date of transfer and new income
- Copy of entire relocation buyout offer (if applicable)
Additional items if you are refinancing:
- Copy of your survey
- HUD-1 Settlement Statement from purchase of the home
- Most recent mortgage statement on your primary loan (and 2nd lien if applicable)
- Copy of your home owners insurance declaration page
- Copy of your most recent tax bill
- A letter of explanation for any known credit problems