Copies of paycheck stubs for the last 30 days (most current).
Copies of checking and saving account statements for last three months (all pages).
Copy of sales contract when ratified.
Employment history for the last two years (address any gaps of employment).
Residency history over the last two years: include name, phone number, address, and account number of Landlord or Mortgage Company. Rental property copies of leases plus mortgage information.
Cancelled earnest money check (when it clears) or corresponding bank statement, if applicable.
Any assets used for down payment and cash reserves must be documented by a paper trail.
Copy of drivers license for applicant and co-applicant.
Homeowners Insurance policy declarations page.
SELF-EMPLOYED BORROWERS:
Copies of most recent 2 years tax returns (with all schedules including K1’s if applicable).
Copy of current profit & loss statement and balance sheet.
Copy of corporate/partnership tax returns for most recent 2 year period if owning 25% or more of company — copies of W-2’s and/or 1099 forms.
DOCUMENTS WHICH MAY BE REQUIRED:
Previous bankruptcy? Include copies of petition for bankruptcy and discharge, including supporting schedules.
Divorce Decree, if applicable.
Documentation supporting monies received from social security/retirement trust income. (i.e. copies of direct deposit bank statements, awards letter, and evidence income will continue.)
Signed gift letter for gift funds if used as down payment.