ITEMS NEEDED FOR LOAN APPLICATION
Income Items
- W2 forms for the last two years
- Most recent pay stubs covering a 30 day period
- For self-employed borrowers:
- Federal tax returns (1040's) for the last two years
- Year-to-Date Profit and Loss Statement
- Corporate or Partnership tax returns (if you own more than 25% of the business)
- Pension Award letter (for retired individuals)
- Social Security Award letters (for those on Social Security)
Asset Items
- Bank statements and/or stocks, mutual funds, or retirement accounts for previous two months (all pages, even if you don't think they are important)
- Explanations of any large deposits and documentation sourcing those funds
- Gift letter and supporting documentation if some of the funds for closing come as a gift from a family member (we will supply a gift letter form)
- Copy of the earnest money deposit check if you are purchasing a home
Credit Items
- If you are currently renting, please provide your landlord's name, address, and phone number
- Credit inquiries in the last 90 days
- Copy of bankruptcy papers if you have filed bankruptcy within the last seven years
Other Items
- Copy of purchase agreement (if you have made an offer to purchase a home)
- To document receipt of child support (if you will use it as a source of income for qualifying purposes ) Copy of Divorce Settlement
- Copy of Driver's license
- Copy of Social Security Card (or other documentation of social security number)
Note: Additional items may apply to your individual loan. Your loan officer and processing team will keep you informed of any additional items needed throughout the loan process.
