What You Need
Below are the following required documents you will need for loan approval. I recommend you begin assembling these documents before you begin your loan application.
Identification
- Driver’s License(s)
- scanned copies are best as the resolution can be reduced in a photo copy/fax.
- Social Security card(s)
- If you are not a US citizen, a copy of the front and back of your green card(s)
Income
- Your paystub(s) covering the last 30 consecutive days
- must include a year-to-date income
- W-2 Forms for the last 2 years
- Award letter for any social security and/or disability income. Should show income to continue for the next 3 years
- Retirement award letters. Should show income to continue for the next 3 years
- Last 2 years personal federal income tax returns with all pages and all schedules
- these must be signed and dated
- If you are self-employed, please provide a copy of any applicable licenses for your business
Assets
- Last 2 months of bank statements
- these must include all pages of the statement(s) even if the last page is blank
- internet copies are acceptable as long as they contain bank name, account number, your name and 60 days history
- statements with redacted information are not acceptable
- Last quarterly statement for all listed other asset accounts
- this includes:
- 401(k)
- IRA
- stock accounts
- mutual funds
- must include all pages of statement even if last page is blank
- this includes:
Miscellaneous
- If you own other real property (rental or second homes) please provide hazard insurance declarations page, property tax statements, leases, and a copy of the current mortgage on all properties
- If applicable, a signed copy of your complete divorce decree
- If you receive child support, alimony, or separate maintenance and wish this to be considered as income, provide proof of receipt for the last 12 months
- If you have previous bankruptcy, a copy of discharge or dismissal paperwork
If Purchasing
- Fully executed sales contract completed by all parties (Realtors, Sellers, and Buyers) with all signed addendums (any required documentation per said addendums)
- Proof of earnest money deposit has cleared your bank
- a picture of the cleared check (front and back) should be available through your bank’s online access
- Copy of sales contract on existing home if you are selling current home
If Refinancing
- Most recent mortgage statement(s) for your current loan(s) for all properties
- Hazard Insurance Information
- a copy of your hazard insurance declarations page or provide the name, company, phone number, and policy number for your homeowner’s insurance
- * the following items should be in a file you received after your last closing on this property
- a copy of your hazard insurance declarations page or provide the name, company, phone number, and policy number for your homeowner’s insurance
- Copy of current Title Insurance policy and attached schedules
- if you can locate as it is not required
- Copy of HUD Settlement Statement or Closing Disclosure from your last transaction
VA Streamline
- Recent Mortgage Statement
- Current Mortgage Note
- Homeowners Insurance Declaration Page
- Copies of Drivers License and Social Security Cards
- Copy of DD214 (VA Eligibility Form)
- VA Disability Letter (if applicable)
- Second Mortgage Information (if applicable)
- Homeowners Association Documentation (if applicable)
VA Cash-Out
- Recent Mortgage Statement
- Current Mortgage Note
- Homeowners Insurance Declaration Page
- Copies of Drivers License and Social Security Cards
- Copy of DD214 (VA Eligibility Form)
- Most recent 2 months of bank statements (all pages)
- Most recent 2 months’ pay stubs
- W-2 Forms from the past 2 years
- Full 1040 Schedules from the past 2 years (all pages)
- Assets documentation
- Trust agreement (if applicable)
- VA Disability Letter (if applicable)
- Second Mortgage Information (if applicable)
- Homeowners Association Documentation (if applicable)
*NOTE*
YOU ARE NOT REQUIRED TO PROVIDE ANY DOCUMENTS PRIOR TO RECEIVING A LOAN ESTIMATE.