The following information is usually required during the loan process:
Identification:
- Government Photo ID
- Social Security Card
Source of Income
Employed (Salary/Hourly)
- One month of paystubs
- Past 2 years W-2’s and/or 1099s
- 2 years tax returns
Self-Employed
- Sole Proprietor
- 2 years personal tax returns – all schedules
- Business owner
- K – 1’s
- 2 years business tax returns (if 25% owner or more)
- Retired
- Social Security Award Letter
- Pension Statements (if applicable)
- Rental Income
- Lease agreements for all rental properties
- Child Support
- Proof of 12 months receipt of Child Support (if you choose to utilize this income)
Statements for Deposits / Cash to Close:
- Bank Statements for past 2 months – all pages
- Investment/Retirement account statements for past two months – all pages
Additional properties owned – Liabilities
- Current Mortgage Statements for all financed properties
- Proof of property taxes and insurance premiums (if not listed on mortgage statement or if owned
free and clear)
Major Life Events
- Divorce Decree
- Initial Court Orders and any modifications
- Bankruptcy Documentation
Discharge papers - Copy of Hud-1 Settlement Statement from the sale
Divorce
Child Support
Bankruptcy
Buying after selling current home
* We understand that “life happens” and everyone’s scenario is not the same. Your loan team will
review your application and documentation and will let you know if additional items are needed
