Loan Documentation

Here is a list of documents that you might be asked for:

If You Receive A Salary

• Last year's W-2 forms for each borrower
• Current pay stubs for each applicant showing time period covered and year-to-date earnings
• Bank statements for each account for the last two months identifying institution, account owner and account number
• Gift funds, if applicable, require that the giver provide a copy of a bank statement or other proof that the funds are available

Self Employed

• Federal tax forms for the past two years, including all schedules and attachments
• Year-to-date Profit and Loss statement
• Bank statements for each account for the last two months identifying institution, account owner and account number

Own Residential Rental Property?

• Lease agreements
• 1040 forms for the past two years

Purchase Transaction?

• A fully executed (signed by both parties) copy of the sales contract

Divorced?

• Copies of divorce decrees
• Documentation to support additional income, such as child support and alimony

Bankruptcy or Credit Problems?

• Complete copy of the bankruptcy proceedings, including all schedules and a letter explaining the circumstances
• If you have any judgments against you, provide a copy of recorded satisfaction of judgment and copies of documents describing any lawsuits with which you are currently involved

FHA and VA Loans

• Copy of your Drivers License and your Social Security card. For a VA loan, certificate of eligibility