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Income:
- W-2s or 1099s for the previous two years for each borrower
- Paycheck stubs covering the most recent 30 days for each borrower
- Bank/investment/retirement statements covering the most recent two months for all accounts
- Federal tax returns or 1040s for the most recent two years
- Disability, Social Security, or retirement pensions: copy of the awards letter or other documentation of income received from these sources, including evidence of continuance
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Self-Employed Income:
- Schedule C of your tax returns for the previous two years if you are involved with a sole proprietorship
- K-1 Schedule of your tax returns for the previous two years if you have an interest in a limited partnership
- Partnership tax returns (IRS form 1065) of your tax returns for the previous two years if you have a 25% or greater interest in a partnership
- Corporate tax returns (IRS form 1130 or 1120s) for the previous two years if you have 25% or greater interest in a corporation or S corporation
- Signed year-to-date profit and loss statements for business
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Account Information:
- Bank account statements for the previous two months on all accounts listed on the application
- Gift letter will need to accompany the application if gift funds will be used for the down payment or closing costs. Please ask your assigned Loan Officer or Loan Processor if this form is needed.
- Retirement account statements for the previous two months
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Housing Information:
- The Disposition of Real Estate & Estimated Net Proceeds form from the sale of your current residence, if applicable. Please ask your assigned Loan Officer or Loan Processor if this form is needed
- Rental information needs to be provided if you have rented housing in the last two years. The following information should be provided: property address, dates of residence, landlord’s name, address and phone number
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Miscellaneous:
- Divorce decree–copy of complete, final decree and any other applicable documents
- Child support or alimony–copies of 12 months of documentation showing income received and evidence of continuance
- Bankruptcy/discharge of debtors–copies of documents, including all schedules
- Relocation papers showing start date, pay and company buyout, if any
- Letters of explanation for recent credit inquiries or any derogatory credit
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