Checklist

Documents Needed for Purchasing / Documents Needed for Refinancing

DOCUMENTS NEEDED FOR REFINANCING

Income for W-2 Borrowers (Salary or Hourly)

• Pay stub(s) for one full month with at least 30 days of Year to Date [YTD] earnings
• W-2s for the past two years

Income for W-2 Borrowers (Bonus and/or Commission)

• Pay stub(s) for one full month with at least 30 days of Year to Date [YTD] earnings
• W-2s for the past two years
• 1040s (tax returns) for the past two years

Income for Self-Employed Borrowers

• W-2s (if business pays a W2 salary) for the past two years
• 1040s (tax returns) for the past two years
• Business returns (unless schedule C 1099 income) for the past two year
• Signed Year to Date Profit and Loss Statement

Income for Retired Borrowers

Social Security:

•      Copy of last two bank statements showing direct deposit of Social Security income
•      Copy of Social Security awards letter or most recent 1099-R.
       (If non-retirement age, may need proof of continuance)

Pension:

•      Copy of last two bank statements showing direct deposit of pension
•      Copy of pension annual benefits statement or most recent 1099-R

Income for Rental Property(s)

• All copies of current leases
• 1040s (tax returns) for the past two years

Assets

• Bank statements from the past 2 months for all depository accounts
• Most recent statement for all 401K, IRA, and other investment accounts
• If statements are not available, provide all pages of printout covering the last 60 days,
  signed and stamped by a bank official

Subject Property Information

• Evidence of Home Owner's Insurance for subject property along with a 6-months paid receipt
• A copy of prior appraisal for subject property
• A copy of prior survey for subject property
• A copy of prior title for subject property
• Most recent mortgage statement

Other

• Most recent statements for all debts to be paid off (i.e. Credit cards)
• Divorce decree (to document alimony/child support if applicable)

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