Here are the items that we see missing today in order to get your loan into processing.
Once your processor has reviewed the loan application and documentation, he/she could ask for more documentation as needed. Our goal is to obtain a speedy approval, so your prompt attention to these items is greatly appreciated!
INCOME:
- Copy of most recent paystubs covering a one-month or greater period
- W2 for the past 2 years
- 1099
- K-1
- Tax returns for the past 2 years. All pages, all schedules (if you have not yet filed your return this year, please send in your extension
- YTD profit and loss statement and balance sheet
VETERANS:
- DD214 or Statement of Service
- If applicable, transfer orders to your new duty station
ASSETS:
- Most recent bank statements, all pages for all accounts (if printing off the internet, they must include your name, full account number, a beginning and ending balance with all activity in between)
- 1 month
- 2 month
- Most recent monthly or quarterly retirement statement, all pages for all accounts (if printing off the internet, they must include your name, full account number, a beginning and ending balance with all activity in between)
- 401k Statement and terms of withdrawals
- Any non-payroll deposits need to be explained and documented (copy of deposited check is required)
REFINANCE:
- Current mortgage statement
- 1st Lien
- 2nd Lien
- Mortgage note
- Copy of current mortgage statement
HOUSING:
- Name and phone number of landlord(s)
- Name and phone number of your insurance company who will be handling your insurance on your new home loan (if you need a recommendation, please ask)
- Copy of most recent insurance dec page and mortgage statement on all properties you own
- Settlement statement from the original closing on your home
- Property taxes for all properties owned
- Copy of lease agreements on rental properties
OTHER:
- Copy of driver’s license and Social Security card for all borrowers (include front and back of resident alien card please, if applicable)