Mortgage Documents

LOAN DOCUMENTS REQUIRED TO COMPLETE LOAN TRANSACTION

____ Original bank statements for the last 2 months. One quarter statement for IRA's stocks etc

____ Earnest Money Contract + cancelled check for deposit for purchases

____ Mortgage statement on the mortgage that we will payoff (if refinance)

____ Copy of your deed (if refinance)

____ Original old survey (if refinance)

____ Homeowner’s insurance policy (if refinance)

Verification of income:

Salary income

____ Your last 2 original pay stubs for each job you currently hold

____ Original W2s for the past 2 years

Commission income

____ Signed tax returns/1099 for the past 2 years with Schedule A attached

Sole proprietorship income

____ Signed tax returns for the past 2 years for both business and personal

Rent income

____  tax returns for the past 2 years with Schedule E attached

____ Mortgage statement on each rent house you own

____ Schedule of real estate owned (pg. 3 of loan application)

____ Original, current, signed rent agreements for recently purchased rent houses

Retirement income

____ Awards letter from Pension Verification Office

____ Can substitute original W2s, signed tax returns or original bank statements

Social Security income

____ Social Security awards letter or last 2 original bank statements

Child support income (not required unless you choose include it in your income)

____ Fully executed divorce decree

____ Original printout from the Attorney General or last 12 orig. bank statements