Necessary Documents for Mortgage Processing
Fully executed purchase contract for the home being
purchased.
Contract of sale on present home and HUD-1 settlement
statement when closed.
Names of all mortgage lenders for the past 12 months for
all real estate owned with account numbers and addresses for the loan
servicing departments placed on the application under liabilities.
Current landlord's name, address and phone number placed
on loan application under current liabilities if currently renting.
Employment paystubs for the last 30 days. Be aware of
salaries, any other income used for qualifying purposes and names,
addresses and phone numbers for all employers for the previous 2 years.
For sales and commissioned based applicants we require the previous 2
years of completed federal tax returns with all schedules.
Previous 2 years of W-2's or K-1's (if bonus, corporate or
partnership), year to date profit and loss statement prepared by a third
party.
Listing of liquid assets, mutual funds, stocks, bonds and
other investments to place on loan application under assets with account
numbers and current balances. To document funds needed for closing and to
show two months of house payments in reserve please provide your last 3
months of statements for support.
Listing of all debts (including mortgage lenders) with
minimum monthly payments and balances to place on loan application under
liabilities.
Addresses of other real estate owned and leases if
applicable.
College diploma or transcript if student within the last 2
years.
If obligated to pay alimony/child support, proof and
history of payment along with a copy of divorce decree and separation
agreement.
If a company equity buyout is involved we require an
executed agreement with the equity buyout company and settlement statement
when closed.
Copy fo company relocation benefits and any checks being
advanced.
Copy of title insurance policy (if less than 10 years old)
and survey for refinances.
Application fee to cover appraisal and credit report.
Please call for an estimate.