Purchase Checklist
1. 3 most recent YTD Paystubs
2. Most recent 2 years' W2s, for each borrower whose income is used to qualify
3. RETIRED BORROWERS: 1 most recent monthly Pension statement, SSA Awards Letter, 1099Rs & 1099SSAs
4. IF SELF-EMPLOYED or BORROWERS using COMMISSION/BONUS INCOME to qualify: 2 Years' most recently FILED Personal & Business Tax Returns, with all W2s,1099s, & K1s, a YTD P&L Statement, 2 most recent monthly Business Bank Account Statements, your business license &/or current state registration, and 3 most recent YTD Paystubs, as applicable
5. Your most recent monthly Mortgage &/or Home Equity Loan Statement(s)
6. Your most recent complete Bank / Retirement Account Statement(s) (need all numbered pages including junk, miscellaneous and reconciliation pages; no "screenshots or account histories" please)
7. Current & Valid Driver's License for all borrowers / buyers
Generally, After Initial Credit PreApproval:
- Fully-executed Sales Contract
- Signed/Dated/Completed Disclosures - your Loan Officer will send to you directly via DocuSign
- Appraisal Fee Payment (after receiving your disclosures)
- Cancelled Earnest Money Check Copy
- Homeowners Insurance Declarations Page
This list may not be all-inclusive -Additional documentation may also be required by underwriting before or at closing; please be prepared for all custom requests by your loan officer, processor, or closer throughout the processing of your loan.
Other items that may apply: Contracts or Settlement Statements for Properties that are Contingent/Pending Sale, Credit Card Statements, Signed/Dated Letters of Explanation for Credit Inquiries or Delinquencies or Employment/Income Inconsistencies, Updated Bank Statements, Intent to Retain Current Property for rental/future sale, etc..., Finalized Bankruptcy &/or Divorce Documents, additional years' W2's/1099's/Tax Returns, or more/other...
Refinance Checklist
1. 3 most recent YTD Paystubs
2. Most recent 2 years' W2s, for each borrower whose income is used to qualify
3. RETIRED BORROWERS: 1 most recent monthly Pension statement, SSA Awards Letter, 1099Rs & 1099SSAs
4. IF SELF-EMPLOYED or BORROWERS using COMMISSION/BONUS INCOME to qualify: 2 Years' most recently FILED Personal & Business Tax Returns, with all W2s,1099s, & K1s, a YTD P&L Statement, 2 most recent monthly Business Bank Account Statements, your business license &/or current state registration, and 3 most recent YTD Paystubs, as applicable
5. Your most recent monthly Mortgage &/or Home Equity Loan Statement(s)
6. Your most recent complete Bank / Retirement Account Statement(s) (need all numbered pages including junk, miscellaneous and reconciliation pages; no "screenshots or account histories" please)
7. Your most recent City/County Property Tax Bill and Current Homeowner's Insurance Declarations Page (for your Current Primary Residence)
8. Signed/Dated/Completed Disclosures - your Loan Officer will send to you directly via DocuSign
9. Current & Valid Driver's License for all borrowers & persons on title to subject property
10. Appraisal Fee Payment (after receiving your disclosures)
This list may not be all-inclusive -Additional documentation may also be required by underwriting before or at closing; please be prepared for all custom requests by your loan officer, processor, or closer throughout the processing of your loan.
Other items that could apply: Credit Card Statements, Signed/Dated Letters of Explanation for Credit Inquiries or Delinquencies or Employment/Income Inconsistencies, Updated Bank Statements, Intent to Retain Current Property for rental/future sale, etc..., Finalized Bankruptcy &/or Divorce Documents, additional years' W2's/1099's/Tax Returns, or more/other...
Second Mortgage Loans
1. 3 most recent YTD Paystubs
2. Most recent 2 years' W2s, for each borrower whose income is used to qualify
3. RETIRED BORROWERS: 1 most recent monthly Pension statement, SSA Awards Letter, 1099Rs & 1099SSAs
4. IF SELF-EMPLOYED or BORROWERS using COMMISSION/BONUS INCOME to qualify: 2 Years' most recently FILED Personal & Business Tax Returns, with all W2s,1099s, & K1s, a YTD P&L Statement, 2 most recent monthly Business Bank Account Statements, your business license &/or current state registration, and 3 most recent YTD Paystubs, as applicable
5. Your most recent monthly Mortgage &/or Home Equity Loan Statement(s)
6. Your most recent City/County Property Tax Bill and Current Homeowner's Insurance Declarations Page (for your Current Primary Residence)
7. Signed/Dated/Completed Disclosures - your Loan Officer will send to you directly via DocuSign
8. Current & Valid Driver's License for all borrowers & persons on title to subject property
This list may not be all-inclusive -Additional documentation may also be required by underwriting before or at closing; please be prepared for all custom requests by your loan officer, processor, or closer throughout the processing of your loan.
Other items that could apply: Credit Card Statements, Signed/Dated Letters of Explanation for Credit Inquiries or Delinquencies or Employment/Income Inconsistencies, Finalized Bankruptcy &/or Divorce Documents, additional years' W2's/1099's/Tax Returns, or more/other...