Below is a list of documents that may be needed to process your loan application if applicable.
Your Property
- Copy of signed sales contract
- Verification of the deposit you placed on the home
Your Income
- Copies of your pay-stubs for the most recent 30-day period with year-to-date
- Copies of your W-2 forms for the past two years
If self-employed or receive commission or bonus, interest/dividends, or rental income:
- Provide full tax returns for the last two years (please provide complete tax return including attached schedules and statements. If you have filed an extension, please supply a copy of the extension.)
- K-1’s for all partnerships and S-Corporations for the last two years (please double-check your return. Most K-1’s are not attached to the 1040.)
- Completed and signed Federal Partnership (1065) and/or Corporate Income Tax Returns (1120) including all schedules, statements and addenda for the last two years. (Required only if your ownership position is 25% or greater.)
If you will use Alimony or Child Support to qualify:
- Provide divorce decree/court order stating amount
If you receive Social Security income, Disability or VA benefits, provide award letter from agency or organization and proof of receipt.
Source of Funds and Down Payment
- Sale of your existing home – provide a copy of the signed sales contract on your current residence and statement or listing agreement if unsold (at closing, you must also provide a settlement/Closing Statement)
- Savings, checking or money market funds – provide copies of bank statements for the last 2 months
- Based on information appearing on your application and/or your credit report, you may be required to submit additional documentation
Debt or Obligations
- If you are paying alimony or child support, include marital settlement/court order stating the terms of the obligation