WHAT WE’LL NEED

INCOME

W2s, 1099s for previous two years2 most recent tax returns all pages, all schedules (1040’s, etc.)2 most recent pay stub(s) covering one month period (must show year-to-date earnings)Retirement, disability and social security income provide current award letter(s) for all w/ bank statement showing income depositedAlimony and/or child support provide final divorce decree with all schedules & 3 most recent bank statements showing payment receivedOfficial most recent 3 months Bank statement all pages evidencing receipt of paymentInterest or dividends provide previous 2 years 1099 forms & current account statement showing funds in same account as last reported on tax returnRental income provide most recent tax return must show profit/ loss, Current lease agreement if property not on tax return.Any (OTHER) income provide award letter or verification type documentation showing 2 year history. Must evidence income will continue for 3 years after closing.

SELF-EMPLOYED (25%+ OWNERSHIP) OR 1099

Last 2 years Business tax return(s) all schedules, all pagesYear-to-date profit and loss (P&L) statementCPA letter or contact information for verification of business as operationalCurrent business license (covering 2 year period if possible)

ASSETS

Checking/ Savings/ 401 (k), Liquid Assets 2 most recent months statements all pages, all accounts (if joint account provide joint use authorization)If withdrawing funds from account (401K) provide terms of withdrawl & repaymentGift funds provide gift letter from donor, statement from donor’s account showing funds available, copy of check payable to borrower, & evidence of deposit into borrower’s accountLarge Deposits / Abnormal activity provide signed explanation letter & document where the deposit was from & provide supporting documentation

MORTGAGE HISTORY/ RENTAL

Landlord contact information for previous two years and 12 months cancelled checksMortgage account statements for all mortgages showing taxes & insurance (escrowed) and HOA bill(s)For all accounts not showing taxes & insurance as escrowed provide a most recent insurance declarations page & tax bill showing annual amounts dueHOA statements for all properties with HOA's showing minimum payment due & frequency of paymentMortgage NOTE and Line of Credit Agreement (subject property only)

EMPLOYMENT

Employer HR contact information for previous two years all borrowersIf employer uses theworknumber.com to verify employment provide company ID, employee ID, & salary key

INVESTMENT PROPERTIES

If property not on previous year tax return provide signed lease agreements showing address, tenant, monthly payment, expiration date all properties currently leased

IDENTIFICATION

Social Security Card & valid driver's license - legible, all borrowersResident Alien Card with two years remaining or provide renewal

PROPERTY

Home Insurance Agent contact information for selected providerReal Estate Agent contact information (if a purchase)

SPECIAL CIRCUMSTANCE DOCUMENTS

Bankruptcy/ Divorce provide divorce decree/ discharge all pages, all schedules (showing debts/alimony & child support)Student Loans provide evidence of enrollment, statements all accounts showing loans deferred for more than 12 months after mortgage loan closing include terms of defermentCondo/ Town home property provide name of home owner’s association & name of the condo or developmentExtension of tax return filing - provide copy of the filed extension & evidence amounts due paid.Letter explaining the reason for taking cash out (if refinance) or for purchase of new homeMarriage Certificate if name changedDD 214 or other VA eligiblity related papersIf paying off non-mortgage accounts - provide current statement showing due date & balance.

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