DOCUMENTS CHECKLIST
Documents Needed to Process a Loan
The documents listed below will be requried during the loan approval process,
but are not required to submit your application.
ALL BORROWERS
- Complete residence history for the prior 2 years
- Copy of current Driver's License and Social Security Card
- Complete employment history for the prior 2 years, complete with address & phone number
- Copies of the last 30 days Paystubs
- Copies of all W-2 statements for the last 2 years
- Copies of the last 2 years Federal Income Tax Returns, complete with all pages
- If applicable, copies of the last 2 years K-1 forms
- 2 months statements on all asset accounts including checking, savings, investment, etc. All pages of each statement are required. Any large deposits that are not direct deposited required documentation of the source.
- If applicable, copies of divorce decree and property settlement or court order to show child support
SELF-EMPLOYED BORROWERS
- For all entities where the borrower owns 25% or more interest, complete Corporate/Partnership Tax Returns must be provided for the prior 2 years
- Year to date Profit and Loss for all interest where there is a 25% or greater ownership
- Name and Phone number of CPA if additional information is needed
- Any loans that are reported on personal credit report but are paid through the company must be documented with 12 months cancelled checkes
OWNERS OF MULTIPLE PROPERTIES
- Copies of current leases is property is not shown on last 2 years Tax Returns
- Copies of current Mortgage Statements to show if escrow for Tax, Insurance, Ground Lease, etc.
- Copies of current Homeowners Insurance declarations page on each property
- Copies of current Property Tax Statement on each property
PURCHASING A HOME
- Complete and fully executed Sales Contract / Purchase Contract
- Name & Phone number of Real Estate Agent(s)
- Name & Phone number of Title Company (or Closing Attorney)
- Name & Phone number of Insurance Agent
REFINANCING A HOME
- Copy of Deed to the property
- Copy of most recent Mortgage Statement
- Copy of Survey (for properties in TX)
- Copy of Homeowners Insurance declarations page
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