Please Have These Items Ready
To obtain loan approval, you will typically need to produce:
- Pay stubs covering most recent thirty days
- W-2 statements covering the past two years
- Bank statements covering the most recent two months (with all pages)
- 401K, IRA, or Mutual Fund accounts showing most recent transaction summary
- Stocks or certificates of deposit
- Purchase and sales agreement (copy)
- 12 months cancelled rent checks or the name and address of your current landlord (if applicable)
- Fully executed divorce decree (if applicable)
- Deed, hazard insurance policy, and most recent tax bill if you are refinancing (copies)
- A letter explaining any known credit problems or fluctuations in income
If you are self-employed, paid by commission, or own real estate used for rental purposes you will need to produce:
- Two years signed personal federal income tax returns including all schedules
- If self-employed through a corporation, the last two years' corporate returns as well as a year-to-date profit and loss statement and balance sheet
- If additional information or documentation is requested, please provide it immediately