Documents for your Mortgage Approval
Copy of signed sales contract.
Verification of the deposit placed on the home.
Names, addresses, and phone numbers of all parties involved. i.e. REALTORS®, Title Agencies, Attorneys, etc.
Copy of MLS ticket and legal description if available.
Provide Condominium Declaration by-laws and most recent budget.
Copies of your pay-stubs for the past 30 days.
Bank statement for past three months.
Copies of W-2 forms for past two years.
Copies of tax returns for past two years.
Name and contact info for all employers within the past two years.
Letter explaining any gaps in employment within the past two years.
Work visa or green card front and back (if applicable.)
If you are self-employed:
Full tax returns for past two years. Please provide complete tax return including schedules, statements, and any extensions (if needed to be filed.)
Year-to-date profit and loss statement.
K-1 for all partnerships and S-Corps for the past two years. Note: Most K-1 forms are not attached to the 1040 tax form.
Completed and signed Federal Partnership (1065) and/or Corporate Income Tax Returns.
ALIMONY OR CHILD SUPPORT TO QUALIFY
Provide divorce decree/court order, stating amount and proof of receipt of funds for the past year.
SOCIAL SECURITY INCOME – DISABILITY/VA BENEFITS
Provide award letter from Government agency/organization.
SOURCE OF FUNDS AND DOWN PAYMENT
Sale of your existing home – provide a copy of the signed sales contract.
Bank statement and money market funds for the past three months.
Stocks and Bonds – provide copies of the statement from the broker or copies of certificates.
Gifts – If part of your cash-to-close, provide a gift letter and proof of funds.
Based on info appearing on the application and/or credit report, additional documentation may be required.
DEBT OR OBLIGATIONS
List of names, addresses, account numbers, balances, and monthly payments for all current debts within the past three months.
Include names, addresses, account numbers, balances, and monthly payments for mortgage holders/landlords for the past two years.
Check to cover application fee(s).