Below is a list of items needed for financing; which can be sent to the Lender between now and when you have a property under contract:
Last 60 days of pay stubs- Complete 2010 and 2011 FILED tax returns (all pages, schedules, and w2’s)
- All 2012 W-2’s
- Bank statements for most recent 2 months (all pages)
- Most recent retirement account statements (all pages)
- Copy of drivers licenses and social security cards for all applicants
- Employer contact info to verify employment
- Realtor contact info to help with contract preparation
- Your chosen homeowner’s insurance agent contact info
- Credit card authorization or check for appraisal fee (fee determined by lender)
If you have fixed income:
- Annual Social Security Benefits statements
- Documentation of other retirement income (if applicable)
- 1099’s for 2010 and 2011 and 2012 for all fixed income
If a VA or Texas Veteran loan:
- DD-214 “Member 4 Copy” or other discharge papers
- Reserves “Point Statement” if no active duty service
- Statement of Service for current active duty applicants
- VA Award Letter with disability rating (if applicable)
- Complete military orders (if applicable)
If you are self-employed:
- DBA or other proof of self-employment start date
- Two full years of personal and corporate tax returns
- Year-to-date Income Statement for business
- Current Balance Sheet for business
If you have investment properties:
- Property tax bill/receipt for investment property
- Recent mortgage statement for investment property
- Homeowner’s insurance binder for investment property
If applicable:
- Complete bankruptcy discharge papers (all pages)
- Signed Letter of Explanation for bankruptcy (when & why)
- Complete divorce decree (all pages)
Digital copies are fine if sent by email. Keep in mind that this is a preliminary list. The Lender will have another (shorter) list after your loan is in processing and again after your loan is approved.
*The Above information is common, but is not guaranteed accurate. Contact our office to let us match you with an experienced lender specific to your needs; or get started with one of our favorite Lenders by filling out a mortgage pre-qualification work sheet here.
