REQUIRED DOCUMENTS TO SECURE YOUR LOAN

A properly documented loan application will make your loan process go smoothly.

W-2’s for the previous two years

Last 3 consecutive paycheck stubs

DOCUMENT CHECKLIST

This checklist will help you gather your paperwork.

The 1003 Uniform Residential Loan Application

Whether you will be completing the application online, by mail, or by meeting with one of our Loan Specialists,… the 1003 Uniform Residential Loan Application is the same. We recommend reviewing the application to see what information and documents you will need before proceeding.

Are you salaried or self-employed?

SALARIED EMPLOYEE

W-2's for 2 years / 1 Month pay stubs

If you are salaried: provide W-2’s for the previous two years and one month of paystubs.

SELF-EMPLOYED

2 years TAX RETURNS / P&L STATEMENT

If you are self-employed: provide tax returns for the previous two years, including all schedules, and a YTD profit and loss statements.

DOCUMENTS NEEDED TO SECURE A LOAN

*** NOTE: PROVIDE COPIES OF ALL REQUESTED DOCUMENTS. DO NOT PROVIDE ORIGINAL DOCUMENTS. ***

This checklist outlines the principal documents and information that are generally required to complete the application. Additional documentation may be required, depending on the circumstances of your loan. By having the information available, you will save time and avoid delays.

Copy of Purchase Sales contract or Offer to Purchase and all addenda (signed by buyer and seller)
Past 2 years’ tax returns and W-2s Past 2 years’ employment history
Last 3 consecutive paycheck stubs (5 if paid weekly)
Name, address, and phone for past 2 years’ residence(s) and landlord(s) (if renting, evidence of 12 months’ rent payments)
Last 3 months’ statements for savings, checking, CD, money market accounts, etc.
Recent statement on retirement accounts (IRA, 401k, 403-B, Annuity, etc.)
Monthly payments and balances on all open accounts
Proof of all additional income Divorce Decree (if applicable) Bankruptcy schedules / Discharge papers (if applicable)

Documents that may also need to be provided

To speed up the approval process, provide bank statements for the most recent three months, and recent statements for stock, mutual funds and IRA / 401K accounts.
If you own rental property, provide recent rental agreements and tax returns for the previous two years, including all schedules.
If you are requesting a cash out refinance, provide a letter explaining how you will use the refinance proceeds.
If applicable, provide a copy of your divorce decree and settlement agreement.
If you are NOT a US citizen, provide a copy of your green card (front & back).
If you are NOT a permanent resident provide a copy of your H-1 or L-1 visa.
If any borrower has filed bankruptcy, provide the Discharge Notice, Filing and Schedule of Creditors.
If you are applying for a home equity line of credit or loan (second loan), also include your first mortgage note. (This should be with your closing loan documents.)