THE FOLLOWING CHECKLIST IS MEANT TO GIVE YOU AN IDEA OF THE BASIC INFORMATION REQUIRED FOR A TRADITIONAL FULL INCOME DOCUMENTATION MORTGAGE LOAN. EACH LOAN APPLICATION IS VERY DIFFERENT AND YOUR SPECIFIC REQUIREMENTS MAY VARY.
*** We also offer Alt Doc programs for those who might have a challenge proving their income in the traditional way.
2006 & 2007 W-2 FORMS
PAY STUBS - (2) MOST RECENT
MOST RECENT TWO (2) MONTHLY STATEMENT(S) (ALL PAGES) FOR BANK ACCOUNTS, MUTUAL FUNDS, & INVESTMENT ACCOUNTS
MOST RECENT QUARTERLY STATEMENT FOR PENSIONS, 401(K), FUNDS, AND IRA'S
ESTIMATED ESCROW CLOSING STATEMENT EVIDENCING NET PROCEEDS FROM REAL ESTATE YOU MAY BE SELLING (IF APPLICABLE)
NAME AND PHONE NUMBER OF FIRE INSURANCE AGENT
FEDERAL TAX RETURNS FOR THE PREVIOUS 2 YEARS (IF SELF EMPLOYED OR RECEIVE COMMISSION INCOME)
COMPLETE COPY OF BANKRUPTCY PAPERS INCLUDING DISCHARGE (IF APPLICABLE)
DIVORCE DECREE AND SEPARATION AGREEMENT (IF APPLICABLE) PROOF OF RECEIVING CHILD SUPPORT (IF APPLICABLE OR USING CHILD SUPPORT FOR LOAN QUALIFYING ) OR THAT CHILD SUPPORT IS CURRENT (IF PAYING)
LEASE AGREEMENTS FOR ANY RENTAL PROPERTIES YOU MAY OWN (IF APPLICABLE)
NAME, ADDRESS, AND PHONE NUMBER OF CURRENT LANDLORD (IF APPLICABLE)
LETTER OF EXPLANATION FOR GAP(S) IN EMPLOYMENT HISTORY (IF APPLICABLE)
LETTER OF EXPLANATION FOR ANY DEROGATORY CREDIT
LETTER OF EXPLANATION FOR ANY RECENT CREDIT INQUIRIES
COPY OF CURRENT BUSINESS LICENSES OR C.P.A. LETTER (IF SELF EMPLOYED)
