Depending
on the type of loan you are applying for, you may need to bring in additional
documentation in order for your your loan to close. Below we've listed
some of the documents required to close a "FULL DOC" loan. You
will only need to provide those documents which pertain to your individual
situation. Keep in mind this is a general list only, and you may be required
to provide additional documentation before your loan can fund, and you
may not need some of the items listed below.
You
will only need to provide items from the list below that pertain to your
specific situation:
-
Most recent pay stubs on all employment for the last 30 days
- The
last two (2) years complete tax returns
- The
last two (2) years W-2 and 1099 forms
- Award
letters for social security or disability income (if applicable)
- Award
letters from pension or retirement income (if applicable)
- Mortgage
statements on all open real estate loans (including rentals)
- Rental
agreements (if you currently have tenants renting from you)
- Checking/Savings
accounts and other assets including bank addresses, account numbers,
and if available 3 months most recent bank statements.
- Complete
bankruptcy papers (if applicable) Copy of petition and discharge,
handwritten explanation of reason for bankruptcy, evidence of excellent
credit since the bankruptcy
- Complete
divorce papers or separation agreements (if applicable)
- Name
and address of current landlord (if applicable - purchases only)
- Letter
of explanation for any derogatory credit
- Cash
out letter (if you are obtaining a loan with extra cash out, explain
what you intend to use the cash for)
- Gift
letter and evidence of funds (purchases only)
- If
you are NOT a US citizen, we will need a copy of your green card (front
& back)
- If
you are NOT a permanent resident of the US, we will need a copy of
your H-1 or L-1 visa.
If
self-employed you will also need:
- A
year-to-date profit and loss statement
- K-1
forms (if applicable)
- Partnership
and/or corporate tax returns (if applicable)
Top
|
