What You'll Need To Apply For A
Mortgage
■
To Verify Income
W2
forms - last two years
Paystubs - past 30 days
Federal tax returns - past 2 years IF:
- You are self-employed
- More than 25% of your income comes
from commissions or bonuses
- Own rental property
- You are employed in a career in
which you might take non-reimbursed business expenses
If self employed, year-to-Date Profit and Loss
Statement
If applicable, Corporate or Partnership tax returns
If retired, Pension Award letter
If receiving Social Security, Award letters
■
To Verify Assets
Bank
statements, all accounts - past two months
Other investment statements - past two months
Copy of last retirement fund statement
Written explanation of any large deposits
Gift letter if cash was accepted from family (may also
require other proofs)
■
Credit Information
Landlords name, address, and phone number
Written explanation of any questionable items
appearing on your credit report.
Copy of bankruptcy papers if you have filed bankruptcy
within the last seven years
■
Other Information
Copy of
purchase agreement (If offer has already been made)
Copy of Divorce Settlement (If applicable)
Proof of Child Support income (If applicable)
If applying for government
backed loans, you will also need the following:
FHA Loans
Copy of
Social Security Card
Copy of Drivers license
VA Loans
Copy of
DD214
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