This checklist is the minimum information required to start processing your mortgage request. Please be diligent in uploading the information with the understanding that additional information may be required upon review and should also include co-borrower or spousal information.
Income
- Copies of your IRS W2 forms for the past two years
- Copies of your pay stubs for the most recent thirty day including year to date
- Copies of your checking and savings account statements for the last two months
- Copies of quarterly or semi-annual statements for checking, savings, IRA, CD, money market fund, stock account statements, 401k, profit sharing etc.
- Please be sure to include assets to be used as down payment or for facilitating closing costs if not already included from above,
- Please provide award letter from appropriate agency if you are receiving Social Security, Disability or VA benefits
- If your income includes Alimony or Child Support, then, provide copies of divorce decree or court order stating amount and proof that you received the income for last year
- If part of your closing includes a Gift Letter, the include Gift Affidavit and documents to prove receipt of funds
- If self-employed, please provide copies of your full tax return for the past two years including year to date profit and loss and depending on your business classification K-1 s for all partnerships and S Corporations for the past two years including completed and signed Federal Partnership (IRS 1065) and or Corporate Income Tax Return (IRS 1120) including all schedules, statements and addenda for the last two years (if your ownership interest is above 25%)
- Residency history for the past two years (landlord contact information or copies of mortgage statements)
- For a refinance, include copies of the mortgage note, deed of trust, Settlement statement, Survey and insurance information.
- If there is a history of bankruptcy, then include copies of petition for bankruptcy and discharge including supporting schedules
Property Information:
- Names and contact information of all the parties involved in the transaction including real estate agents, builders, insurance agents and attorneys.
- Verification of deposit on the home
- Copy of Listing Sheet and legal description
- For condominiums, please include condominium description, by-laws and most recent budget.