Application Checklist DOCUMENTS YOU NEED TO APPLY
ALL BORROWERS: We have an automated 3rd party verification system for an easier loan process. Employment and bank statement verifications are generated automatically.
W-2’s for last two years Most current paycheck stubs for last two years Checking and Savings account statements to include all pages even if blank (last 2 months) Quarterly or semi-annual statements for checking, savings, IRA’s, CD’s, money market funds, stocks, 401K, profit sharing etc. Copy of fully executed sales contract Employment history for last two years Residency history for last two years complete with landlord or mortgage company contact information
Canceled earnest money check when it clears Social security card and driver’s license for all borrowers and non-purchasing spouse Tax returns from the past two years Copy of Note, Deed of Trust, Settlement Statement, and Survey if refinancing. Any assets used for down payment, closing cost, cash reserves, and large deposits must be documented by a paper trail. Copies of sold properties if paid off mortgage in the last two years.
SELF EMPLOYED BORROWERS:
DOCUMENTS FOR VA LOANS:
Copies of most recent 2 years tax returns with all schedules including K-I’s if applicable Current profit, lost statement, and balance sheet Copy of corporate/partnership tax returns for most recent 2-year period if owning 25% or more of company-copies of W-2’s and/or 1099 forms
Original Certificate of Eligibility and copy of DD214 Certificate of Release or Discharge from Active Duty Name and address of nearest living relative
MISC. REQUIRED DOCUMENTS
Agreement if financed by employer, i.e. buyout agreement plus documentation outlining company, and paid closing costs benefits Previous bankruptcy, need copies of petition for bankruptcy and discharge, including supporting schedule
Divorce Decree signed by judge if applicable Documentation supporting moneys received from social security/retirement trust income, i.e. direct deposit bank statements, awards letter, evidence of income
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