Here’s what you can expect to provide to your Mortgage Officer throughout the mortgage process.
This is a list of documents that are commonly needed to support the mortgage application for all applicants:
- Paystubs or a benefit statement/award letter for the most recent 30-day period
- W-2 and/or 1099 Tax forms for the last two years
- For Self-Employed Income or Rental Income Only: Signed & dated personal and business federal tax returns with all schedules for the last 2 years.
- Most Recent Mortgage Statement (For all Real Estate Owned)
- Home Owners Insurance Declaration Page (For all Real Estate Owned)
- Complete Asset Statements for the most recent 60-day period. (All asset accounts including, savings/checking accounts, investment accounts, and retirement accounts)
Additional Documentation may be requested, if applicable to your application, including these examples:
- Lease/Rental Agreement(s) for rental property
- Closing Disclosure on recently Sold Property
- Corporate/Partnership Tax Returns and Agreements
- Business Profit and Loss Statements
- Separation Agreements
- Final Divorce Judgement
- Child Support Verification
- Bankruptcy petition and discharge
- Letter of Explanation for:
- Recent Credit Inquiries
- Past-Due Payments
- Foreclosure/Default
- Bankruptcy
- Judgement/Liens
- Gift Letter for Gifted funds from an acceptable donor, including
- a relative, defined as the borrower’s spouse, child, or other dependent, or by any other individual who is related to the borrower by blood, marriage, adoption, or legal guardianship
- a non-relative that shares a familial relationship with the borrower, defined as a domestic partner (or relative of the domestic partner), individual engaged to marry the borrower, former relative, or godparent.
