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Paperwork Checklist

See the most common documents that will be requested for loan approval.

Whether you’re getting ready to purchase a new home or thinking of refinancing, you’ll need to gather some standard income and asset documentation to submit with your loan application.  Our online application will prompt you to upload most documents after you’ve finished filling out the form.

In some cases we may not need your pay stubs or W2s if income can be verified electronically.

The lists below are not all-inclusive, and underwriting may request more paperwork as needed throughout the process.  While we’ll attempt to request as much information upfront to avoid surprises, some things are only revealed further into the loan process.  A brief phone call or consultation is always appreciated upfront to explain your scenario. 

 

 

Income

Different income types, inconsistent income, frequent job changes, or employment gaps may require more documentation.

  • Most recent 30 days of pay stubs
  • Most recent 2 years W2s
  • Most recent 2 years federal tax returns including all schedules
  • Most recent 2 years business tax returns, and K-1s, if applicable
  • Year end pay stubs if you have bonus, overtime, or commission income
  • Last pay stub if you've changed companies in the current calendar year

Assets

We will need to document the source of funds being used for your down payment, closing costs, and reserves, if applicable.

  • Last 2 months bank statements
  • Last 2 months or quarterly investment or 401(k) statements, if applicable
  • Terms of withdrawal for 401(k) or retirements accounts, if applicable
  • Documentation for any large deposits, if applicable
  • Funds obtained as a gift will require a gift letter and paper trail of transfer

Identification

Photo ID will be required on all transactions.

  • Unexpired photo ID, such as a drivers license or passport
  • Permanent residence card, if applicable
  • Work authorization card, if applicable
  • Social security card for FHA, VA, or USDA loans

Real Estate Owned

Documentation for all other real estate owned will be required, including any properties where you’ve co-signed a loan.

  • Current mortgage statements for all properties owned
  • Current insurance policy declaration page for all properties owned
  • Current property tax bill for all properties owned
  • Current HOA statement for all properties owned, if applicable

Miscellaneous

These items are some of the more common misc. documentation requests, and only needed in some scenarios.

  • Proof of debt recently paid off, if applicable
  • Last 12 months of payments for debt paid by others (co-signed loans)
  • Last 12 months of payments for debt paid by a business
  • Last 12 months of rental housing payments, if applicable
  • Statements for any new credit accounts not yet appearing on credit report
  • Statement for debt not reported on credit, such as child support or alimony
  • Letter of explanation for any inconsistencies or things needing clarification