The following documents may be requested to obtain new mortgage loan:
- Past two (2) years W-2 statements
- Pay Stubs covering the last (30) thirty days
- Two most recent monthly bank statements
- Most recent transaction summary of 401K, IRA, or Mutual Fund Accounts
- Photocopies of any stocks or certificates of deposits
- A letter of explanation for any known credit problems
- If you are currently renting….either 12 months canceled rent checks or the name and address of your current landlord
Also, the following documentation is also generally required.
For a refinance:
- A copy of your most recent mortgage statement.
For a Purchase:
- A signed purchase contract
- Realtor contact information
- Condo Association contact information (if applicable)
For a VA Loan:
If you are divorced:
If you are self employed, employed in sales, paid by commission,or own rental real estate:
- Two (2) years signed personal tax returns - including all schedules
- If self-employed through a corporation, last two years corporate returns as well as a year-to-date profit and loss statement and balance sheet
Different programs require varying amounts of documentation. The loan program you select may require more or less documentation. Remember to ask you lender about their documentation requirements for your specific situation.
