The mortgage documentation process can seem overwhelming, but I am here to guide you through it and make it as stress free as possible! In order to get started, here is a basic list of items that will be required for all loans:
Last 2 Years of Filed Federal Tax Returns with All Pages
Last 2 Years of W2s, K1s and 1099s
Last 30 Days of Paystubs
Last 2 Months of Official Bank Statements with All Pages
This is a complete this that will apply to most mortgage situations:
DRIVER’S LICENSE
FOR HOME PURCHASE LOANS:
-Sales contract with original signatures, along with a copy of the earnest money check
RESIDENCY:
-Complete address for each residence you’ve resided at during the past 24 months-For renters: landlord information (name, address, and phone)
EMPLOYMENT:
-Names, addresses, and phone numbers of all employers for the past two years
-Relocation: Copy of employer’s relocation agreement
VA LOANS:
-Copy of DD214s and Certificate of Eligibility
INCOME:
-Past two years W-2 or 1099 forms
-Last 30 days pay stubs
-Past two years complete tax returns
-Award letters for social security
-Award letters for retirement/pension incomes
-Court order for child support
ASSETS:
-Two months original bank statement (all pages) on all checking, savings, credit union, and investment accounts (including retirement)
CURRENT LIABILITIES:
-Current balance and minimum monthly payments
DIVORCED OR SEPARATED PERSONS:
-Complete divorce petition, signed, recorded final decree, and/or separation agreement
RETAINED PROPERTIES:
-Copies of current leases and tax returns
-Copy of insurance declaration page
-Copy of real estate tax bill
-Copy of mortgage statement if property is financed
FOR REFINANCE LOANS:
-A copy of the warranty deed and any current mortgage and/or bill payoff information (copies of last statements)
-A copy of the current tax and home insurance expenses, along with a copy of the survey and owner’s title insurance policy
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