REQUIRED DOCUMENTS FOR A LOAN APPLICATION

Some loan programs allow for reduced documentation, therefore all items listed may not be necessary. Additional documentation may be required based on underwriting guidelines.

Income

• W-2 forms from the last two years

• Federal tax returns, all pages, for the past two years for self-employed or commissioned income sources

• A copy of the lease agreement(s) for rental property

• A complete copy of the divorce settlement agreement (if using income to qualify)

• Year-to-date pay stub

• Pension/Social Security: Current year award letter. Copy of most recent check or, if direct deposit, a copy of the most recent bank statement showing receipt of funds

• Self-employed: Year-to-date Profit & Loss Statement

Self-employed: Corporate/Partnership Tax returns for the past two years

Assets

• The two most recent bank/brokerage statements, all pages, for all accounts

Liabilities

• Credit card account numbers, lender’s name, balances and minimum payments

• Car loan: Lender’s name, account number, payment and balance

Mortgage loans: Lender’s name, account number, payment and balance for each loan

• Landlord’s name, address and telephone number dating back two years

• Complete copy of divorce/settlement agreement

OTHER ITEMS

Application fee

• A copy of the fully executed contract on your home

• A copy of the relocation agreement (if applicable)

• Alimony/Child Support/Note Income. Copy of note receivable or divorce decree/paternity award. Six months canceled checks or deposit slips showing receipt** (to use income to qualify, it must continue for a minimum of three years)

**Alimony, child support, or separate maintenance income need not be revealed if the borrower or co-borrower does not choose to have it considered for repaying the loan.