When you apply for a mortgage, the lender will need to
verify that the information you are providing is
accurate. The following is a list of standard
documentation that lenders require. The information
listed in BOLD will be
needed to complete the employment, income, asset, and
liability sections on the online application. All
other items will be needed before your loan can close.
Conventional & Jumbo Loans
- Last
two years W2's from all positions held.
- Employment pay stubs for the past 30 days for all
income sources.
- Bank
statements for the past 3 months for all
savings/checking/money market accounts
from which down payment and closing costs
will come.
- Earnest money
agreement - real estate contract
(Purchases only)
- Name,
account number, and minimum payment, and
balance of all debts.
- Name
and account numbers of all mortgage loans
(including rental properties)
- Landlord name,
address, and phone number.
- Divorce decree
(if applicable).
- Bankruptcy
documents (if applicable).
|
Self
Employed Borrowers
- Same as
conventional - PLUS -
- Income tax
returns for the past 2 years.
- Year to date
profit and loss statement for the
business.
- Current balance
sheet for the business.
|
FHA
- Same as
conventional - PLUS -
- Copy of
driver's license.
- Copy of social
security card
|
VA
- Same as
conventional - PLUS -
- Discharge
papers - Form DD 214
- Certificate of
Eligibility
|
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