The following information is usually required during the mortgage loan application process:

• Last two filed Federal 1040 tax returns (with all schedules attached)

  • All supporting income documentation to match the tax returns (W-2s, and K-1s)
  • If you are currently self-employed (1099 income, or own 25% or more of a corporation or partnership):
    • Last two years federal tax returns for the business (Forms 1120s or 1065)
    • Current year-to-date P&L Statement and Balance Sheet
  • Last two paystubs showing YTD totals for any wage-earning borrowers.
  • Contact name and number/email address for an HR or Payroll department representative to verify employment
  • Any Social Security, pension, disability, or VA benefit award letters, etc. (if applicable) 

   

• ASSETS

  • Complete bank statements for the past two months. Please include all numbered pages, even if 'intentionally left blank’. (NOTE: Corporate/business accounts with business names on the statement cannot be used without proper documentation and verification from your CPA.)
    • Personal checking accounts
    • Personal savings accounts
    • Please identify which account will be used to fund the down payment
  • Investment account statements for the past two months, or the last quarterly statement

   

• LIABILITIES

  • Your last mortgage statement for all properties currently owned
  • Home equity account statement (if applicable) for all properties owned
  • Home insurance policy information (Policy declarations page) for all properties owned
  • If currently also selling a home, we will need the Estimated Closing Statement from escrow for the property being sold