What Your Lender Will Need
Financing Information
If you are planning to use a lender to finance your new home or to refinance your existing home, you can attend that initial meeting with most of your documentation in place by using our document guide.
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Employment/Income
- Provide most recent paystubs for one month
- Provide W2's for the past 2 years
- Provide all pages and schedules of last two years personal Federal tax returns
- If self-employed, provide all pages and schedules of last two years business tax returns and corporate K-1's
- If retired, provide benefit award letter, last two years 1099's, and all pages and schedules of last two years tax returns
- If any rental income is received, provide copy of current lease agreement and mortgage statement
- If VA and active duty personnel, copy of Statement of Service Letter and Off Base Housing Authority Letter
Assets
- Provide ALL pages of most recent 2 months statements for all accounts; including all checking, savings, stocks, IRA, 401k, etc. The statements must show your name, account number and the name of the banking institution.
- If funds to close will come from a gift, complete the gift letter and the following:
- From the donor - bank statements showing the funds in the donor's account and a copy of the check from the donor's account
- From the borrower - a copy of the deposit slip showing the gift check deposited into your account
- If funds to close will come from sale of home, copy of Closing Disclosure from sale of home and deposit slip showing proceeds deposited into bank account
Credit
- Copy of enlarged driver's license and social security card
- Copy of divorce decree
- Copy of bankruptcy papers, including all schedules and discharge, and credit explanation letter for reason for bankruptcy
- Letter of explanation on any late payments, collections, charge offs or derogatory credit
- Letter of explanation for all recent credit inquiries
- If VA, Certificate of Eligibility or copy of DD214
Property
- Homeowners Insurance Agent's name, address, and phone number (for subject property)
- If refinance, copy of note and mortgage statement from the current lender showing the account number
- If you’re retaining your current residence, provide a mortgage statement showing taxes and insurance are included in the monthly payment
- If you’re currently renting, provide your Landlord’s name, phone number and address. 12 months cancelled rent checks will be necessary for private landlords.
- If you live with a family member, letter stating you live rent-free