Mortgage Loan Checklist

ALL BORROWERS

Copies of W-2s for the last two (2) years

Copies of paycheck stubs for the last 30 days (most current)

Copies of checking and savings account statements for last two (2) months (all pages, even if blank)

Copies of quarterly or semi-annual statements for checking, savings, IRAs, CDs, money market fund, stock, 401K, profit sharing, etc.

Copy of sales contract when ratified

Employment history for the last two (2) years (address any gaps of employment)

Residency history over the last two (2) years (name, phone number, address and account number of land or mortgage company). For rental property - need copies of leases plus mortgage information.

Canceled earnest money check when it clears or corresponding bank statement, if applicable

Commission or bonus income - if 25% or more of base, must have tax returns

For a refinance - need Copy of Note, Deed of Trust, Settlement Statement, Survey, and Insurance information

Any assets used for down payment, closing costs, and cash reserves must be documented by a paper trail

If paid off mortgage in the last two (2) years - need copies of HUD-1

Copy of driver's license for applicant and co-applicant

Copies of most recent two (2) years tax returns (with all schedules including K-1s if applicable)

SELF-EMPLOYED BORROWERS

Copies of most recent two (2) years tax returns (with all schedules including K-1s if applicable)

Copy of current profit & loss statement and balance sheet

Copy of corporate/partnership tax returns for most recent two (2) year period. If owning 25% or more of company - need copies of W-2s and/or 1099 forms.

DOCUMENTS WHICH MAY BE REQUIRED

Previous bankruptcy - need copies of petition for bankruptcy and discharge, including supporting schedules

Divorce Decree, if applicable

Documentation supporting moneys received from social security/retirement trust income (i.e. copies of direct deposit bank statements, awards letter)