ALL BORROWERS

 

• Employment history for the last two (2) years (address any gaps of employment)

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• Residency history over the last two (2) years (name, phone number, address and account number of land or mortgage company). For rental property - need copies of leases plus mortgage information

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•  Copies of W-2s for the last two (2) years

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•  Copies of paycheck stubs for the last 30 days (most current)

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•  Copies of checking and savings account statements for last two (2) months (all pages, even if blank)

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•  Copies of quarterly or semi-annual statements for checking, savings, IRAs, CDs, money market fund, stock, 401K, profit sharing, etc.

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•  Copy of sales contract when ratified

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•  Canceled earnest money check when it clears or corresponding bank statement, if applicable

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•  Commission or bonus income - if 25% or more of base, must have tax returns

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•  For a refinance - need Copy of Note, Deed of Trust, Settlement Statement, Survey, and Insurance information

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•  Any assets used for down payment, closing costs, and cash reserves must be documented by a paper trail

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•  If paid off mortgage in the last two (2) years - need copies of HUD-1

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•  Copy of driver's license for applicant and co-applicant

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•  Copies of most recent two (2) years tax returns (with all schedules including K-1s if applicable)