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Please print and fax all forms.
Required Document
List
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The following items are traditionally
used to support your application; however, you do not have to send in documentation to begin the process. Using our automated
underwriting system, we are often able to proceed with streamlined documentation requirements once your application has been
reviewed. Nevertheless, since automated underwriting cannot be used in all scenarios, we do recommend that you begin compiling
these documents so that you are prepared if, and when, we ask for them.
W-2's for each applicant for the 2 previous
years.
30 days recent consecutive pay stubs. 5 stubs if paid weekly, 3 stubs if paid every 2 weeks or semi-monthly,
1 stub if paid monthly. If you do not save your pay stubs, begin saving them now.
3 most recent statements of account
for each bank account, savings account, money market account, cash management account, stock or mutual fund brokerage account,
IRA, certificates of deposit, or employee retirement account currently used by each applicant. (Under Fannie Mae and Freddie
Mac guidelines we only need to verify the amount of cash the applicant will be required to bring to closing plus 2 months'
reserves. If you are applying for a Fannie Mae or Freddie Mac loan, you will only need to provide copies of those account
statements that prove the necessary funds.) PLEASE PROVIDE ALL PAGES OF THE STATEMENTS.
Copy of divorce decree for
each applicant that either pays or receives alimony and/or child support.
Record from child support office showing
payments received for the prior 12 months. (You must provide this record only if you rely on the child support received to
qualify for the requested loan).
Copy of sales contract or purchase agreement for property being purchased (inapplicable
on refinances).
Copy of declarations page from the homeowner's/hazard insurance policy for the property (refinances
only).
If you derive a portion of your income from social security benefits, please provide the most recent Social
Security Award Letter indicating the amount of your current monthly payments from social security.
Copies of current
lease agreements for each residential rental property that you own.
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Additional
Documents for Special Sources of Income
If you derive more than 25% of your employment income from bonuses
or commissions, you must also provide:
Tax Returns (Form 1040) for the 2 previous years.
If you are a sole proprietor
(report income on Schedule C of your Form 1040 tax return) or if you own 25% or greater interest in the business from which
you derive your primary income, you must also provide:
Tax Returns (Form 1040) for the 2 previous years.
Year-to-date
Profit & Loss Statements for that business.
Business Tax Returns (Form 1065 or 1120) for the 2 previous years, if the
business is a corporation or partnership.
K-1's for that business, if it is a Subchapter S corporation or partnership.
WHERE TAX RETURNS ARE REQUIRED, PLEASE PROVIDE ALL SCHEDULES, FORMS AND ATTACHMENTS TO THE RETURNS.
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