Common Documents Needed for Mortgage Loans
Salaried/Wage-Earning Employees
- Current Paystubs (Within the last 30 days)
- Two most recent years of 1040 tax returns and W2 forms from all tax payers on return from all employers
- Two Months of most current Complete bank statements (all pages) on all accounts.
- Two Valid forms of ID Copy(Driver’s License, Social Security Card, Passport, Voter’s registration Card)
- Most recent Mortgage statement (Refinance Only)
- Quarterly statement for 401 K, IRA, Money Markets Mutual Funds, Stock Brokerage accounts, etc.
- Settlement Statement from most recent loan(s) secured by subject property (Refinance Only)
- Note (May say Adjustable Rate Note or Fixed Rate Note- need all pages of Note from closing paperwork from Purchase or last refinance – last transaction) – if refinance only
- Purchase Contract–only for home purchases
- Home Owner’s Insurance Declarations Page
- Letter of Explanation for past derogatory credit
Texas, Florida, and New Mexico also may require previous survey.
Self-Employed/1099 Borrowers/More than 25% of income from Commissions
- Last two years of Tax returns personal and business all schedules (1040 all schedules with page 2 signed, 1120. 1120s, 1065, etc. also if you have 1099s and w2s please provide those as well)
- Home Owner’s Insurance Declarations Page
- Recent Mortgage Statement (Refinance Only)
- Doing Business As or other business license that is current and shows two years in business (CPA letter will also work)
- Proof of assets in the form of two months bank statements, Quarterly statement on 401K, IRA, other accounts
- Copy of Settlement statement and Note from closing of last mortgage (Refinance Only)
- Purchase Contract – purchase only
- Canceled checks for 12 months on any debts paid by the business on credit
- Two valid form of ID (Driver’s License, Social security card, passport, voter’s registration card, etc.)
- Letter of Explanation for past derogatory credit
Texas, Florida, and New Mexico also may require previous survey.
Retired/Fixed Income Borrowers
- Two most recent bank statements all pages showing deposit of retirement / SSI income
- Last two years of 1040 tax returns with all pages and schedules
- 1099 forms for Retirement and Award Letters for SSI or year-end statement from Social Security Administration
- Two Valid forms of ID Copy(Driver’s License, Social Security Card, Passport, Voter’s registration Card)
- Most recent Mortgage statement (Refinance Only)
- Home Owner’s Insurance Declarations Page
- Quarterly statement for 401 K, IRA, Money Markets Mutual Funds, Stock Brokerage accounts, etc.
- Settlement Statement from purchase or last refinance of home (Refinance Only)
- Note (May say Adjustable Rate Note or Fixed Rate Note- need all pages of Note from closing paperwork from Purchase or last refinance)
- Letter of Explanation for past derogatory credit
Texas, Florida, and New Mexico also may require previous survey.
ALL PROGRAMS ARE SUBJECT TO UNDERWRITING TERMS AND CONDITIONS MORE PAPERWORK THAN IS LISTED HERE MAY BE REQUIRED DEPENDING ON YOUR TRANSACTION. THIS IS A GENERAL LIST PROVIDED FOR YOUR CONVENIENCE.
