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DOCUMENT CHECKLIST

REQUIRED DOCUMENTS

The following documents will be needed for loan approval. We recommend you begin assembling these documents (if applicable).

 

IDENTIFICATION

Driver’s license(s).

Social Security card(s).

If you are not a US citizen, a copy of the front and back of your green card(s).

GROSS MONTHLY 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.

Base Employment Income
Overtime
Bonuses
Commissions
Other Employment/Self-employment
Accessory Unit Income
Alimony
Automobile Allowance
Baorder Income
Capital Gains
Child Support
Defined Contribution Plan
Disability
Divident Interest
Employment Related Account
Foster Care
Housing Allowance
Housing Choice Voucher Program
Mortgage Credit Certificate
Mortgage Differential
Non Borrower Household Income
Notes Receivable Installment
Pension
Public Assistance
Royalties
Separate Maintenance
Social Security
Temporary Leave
Tip Income
Trust
Unemployment
VA benefits Non Educational

 

MONTHLY HOUSING EXPENSE

Rent
First Mortgage (P&I)
Other Financing (P&I)
Hazard Insurance
Real Estate Taxes
Mortgage Insurance
Homeowner Association Dues
Other
Alimony
Child Support
Separate Maintenance
Job Related Expenses

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 will include 401(k), IRA, stock accounts, and mutual funds. Must include all pages of statement even if last page is blank.

Asset Type ( Name, Account No., Value)
Bond
Bride Loan Not Deposited
Certificate of Deposit Time
Checking Account
Individual Development Account
Life Insurrance
Money Market Fund
Mutual Fund
Retirement Fund
Savings Account
Stock
Stock Option
Trust Account

LIABILITIES

Resolving (e.g, credit cards)
Installments (car, student loans, personal loans)
Open 30-Day (balance paid monthly)
Lease (not real estate)
Other
HELOC
Mortgage Loan

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 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 the file you received after your last closing on this property.

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 CASHOUT

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 two (2) months of bank statements (all pages)
Most recent two (2) months’ pay stubs
W-2 Forms from the past two (2) years
Full 1040 Schedules from the past two (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)

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