In your initial interview, your loan officer will give you a good idea of the documentation that you and your co-borrower, if applicable, will likely need to provide. Here is a list of items you’ll typically need after you apply for your home loan:
TO BE PROVIDED BY ALL BORROWERS: ____ Valid driver’s license or other government-issued photo identification, date of birth, and social security number ____ Most recent statements for the last two months on all checking, savings, stock, mutual funds, IRAs, or other liquid asset accounts ____ Accurate addresses and landlord/mortgage company information for past two years ____ Loan information, including balance, monthly payment, and any rents collected for other real estate owned, if applicable ____ Copy of fully executed sales contract, if available ____ Copy of canceled earnest money check, if purchasing ____ Funds for credit report and appraisal ____ Documentation on any additional source of income to be used in qualifying, if applicable TO BE PROVIDED BY SALARIED BORROWERS: ____ Pay stubs for the past 30 days ____ W-2 forms for the past two years, and full federal tax returns for the past two years, including all schedules TO BE PROVIDED BY SELF-EMPLOYED BORROWERS: ____ If self-employed or you own more than 25% of a business, copies of business tax returns for the past two years, including all schedules ____ Copies of previous 2 years’ corporate/partnership tax returns if 25% or more of company is owned ____ Year-to-date profit and loss statement and balance sheet TO BE PROVIDED, DEPENDING UPON YOUR SITUATION: ____ If you have been divorced, a copy of final decree— particularly the financial settlement page, including alimony, child support, and the division of liabilities and assets ____ Documentation pertaining to any resolved or unresolved credit disputes you may have had ____ Certificate of Eligibility and DD-214 or Statement of Service, if applying for a VA loan ____ If previous bankruptcy, a copy of all bankruptcy papers with a copy of discharge ____ A copy of the settlement statement if you sold property in the last three months ____ Survey of your home, if refinancing a loan *Depending upon your situation, we may require more or less documentation.