Mortgage Documents Needed For Application
__ Driver’s License Photo ID or Passport – must be Clear-Legible-Color (prefer picture)
__ Personal Tax Returns (all pages) for the most recent two years available.
*If extension was filed need proof of extension
__ Bank Statements for the most recent two months (all accounts, all pages even if blank)
*Any large non-payroll deposits must have supporting documentation of the source.
__ IRA, 401k or Retirement Statements for the most recent quarter or 30-days. (all pages)
Salaried / Hourly Borrowers
__ Pay-stubs – one full month showing year-to-date earnings
__ W-2 Forms – most recent two years
Self Employed Borrowers
__ W-2s, K-1s and 1099s for the most recent two years
__ Business Tax Returns (all pages) *only if you own 25% or more of the business.
__ Year-to-Date P&L *only if you own 25% or more of the business
__ 1099s for Social Security and Pension income for the past two years.
__ Proof of Direct Deposit for current monthly Social Security and Pension (typically shows in the bank statement)
__ Social Security and/or Pension Award letters showing income will continue at least three years.
Divorced or Receiving Child Support and/or Alimony
__ Divorce Decree including separation agreement if available. (all pages)
__ Proof ex-spouse has been making agreed Child Support and/or alimony (on-time) for the past 12 months and income will continue at least three years from closing.
__ Birth Certificate or Passport or Photo ID of children receiving income support for. (must conitinue for three years from closing date to be counted)
__Recent Mortgage Statement
__Owners Title Policy
__Homeowners Insurance Dec. Page
__Proof of HOA Fee and Term (if applicable: ex. $250 per quarter)
__ VA LOANS: DD214 Honorable Discharge Form
__ Landlord Contact Information
__ Lease Agreement(s) for any rental properties owned and not shown on the most recent tax return.
__ Recent mortgage statement(s) for all Real Estate owned (financed properties)
__ Proof of property taxes, insurance declaration page and proof of HOA Dues on all Real Estate owned
__ Disability Awards letter showing income will continue at least 3 years including proof of direct deposit.