The following documents may be requested to obtain new mortgage loan:
- Past two (2) years W-2 statements
- Pay Stubs covering the last (30) thirty days of pay
- Two most recent monthly bank statements. An official statement must be provided. Screenshots of transaction histories are not acceptable.
- Most recent transaction summary of 401K, IRA, or Mutual Fund Accounts
- Photocopies of any stocks or certificates of deposits
- A letter of explanation for any known credit problems
- If you are currently renting….either 12 months canceled rent checks or the name and address of your current landlord for FHA loans.
Also, the following documentation is also generally required.
For a refinance:
- A copy of the current homeowner's insurance declarations page and recent mortgage statement.
For a Purchase:
- A signed purchase contract
- Realtor contact information
- Condo Association contact information.
For a VA Loan:
If you are divorced:
If you are self employed (own more than 25% of a business), employed in sales, paid by commission,or own rental real estate:
- Two (2) years signed personal tax returns - including all schedules
- If self-employed through a corporation, last two years corporate returns as well as a year-to-date profit and loss statement and balance sheet along with the last three business bankstatements.
Different programs require varying amounts of documentation. The loan program you select may require more or less documentation.
Different programs require varying amounts of documentation. The loan program you select may require more or less documentation. Please contact us for a free, no-obligation consultation.
