Salaried borrowers:
- Pay stubs for all borrowers for the last 30 days.
- W-2 forms for all employment for all borrowers for the previous 2 years.
Self-employed borrowers:
- Personal tax returns (for the last 2 years including all schedules).
- Business tax returns (for the last 2 years including all schedules).
- Current financial statement, signed and dated, including balance sheet and profit and loss statement.
- 1099’s if applicable.
Commissioned / Bonus Borrowers:
- W2 forms.
- Complete copies of previous 2 years personal tax returns including all schedules.
- Pay stubs for the last 30 days.
If you own more than 25% of a business:
- Corporate or partnership tax returns (for the last 2 years including all schedules).
If you own rental property:
- Copies of current rental agreements, fully executed.
If you are refinancing:
- Copy of your mortgage statement if there is a lien to be paid off.
- Copy of your most recent homeowner’s insurance bill.
If you have a pension:
- Pension award letter, pay stubs, and any forms showing duration of payments.
- If you receive social security and/or disability payments:
- Provide a copy of your award letter along with a recent check stub or copy of a bank statement if the funds are deposited electronically through direct deposit.
Asset verification:
- Present value of all real estate owned.
- Copy of the past 2 bank months statements (all pages)
Property information:
- Purchase agreement.
- Copy of your cancelled earnest money checks.
- If your current home is for sale, copy of the Purchase agreement or listing contract.
- If new construction, provide plans/drawings and specifications, copy of the builder’s contract, copy of settlement statement from the land purchase (if owned less than one year).
For VA loans:
- Copy of DD214 form (aka separation papers).
Miscellaneous:
- Residence addresses for the past 2 years.
- Copy of photo id for all borrowers.
- Copy of social security cards for all borrowers.
- If applicable, copies of 12 months of cancelled rent checks. Also include the name and address of your landlord.
- Relocation agreement (if you were transferred to the area).
- If you were a full-time student during the last 2 years, a copy of your diploma or transcripts.
- If applicable, copy of your divorce decree, separation agreement, and all addenda for all divorced parties. If the divorce is not final, provide a copy of all temporary orders.
- Written explanation of credit anomalies, including: late payments, credit inquiries within the last 90 days, charge-offs, collections, judgments and/or liens.
- If applicable, 12 months of cancelled alimony checks.
- If applicable, 12 months of cancelled child support checks.
- If you filed bankruptcy within the last 7 years, provide a copy of your bankruptcy papers.