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Documents for
your loan Back
to Mortgage Answers |
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| What Documents will I need to provide
to close my loan? |
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| Depending on the type of loan you are
applying for, you may need to bring in additional documentation in order for your
your loan to close. Below we've listed some of the documents required to close a
"FULL DOC" loan. You will only need to provide those documents which pertain
to your individual situation. Keep in mind this is a general list only, and you may
be required to provide additional documentation before your loan can fund, and you
may not need some of the items listed below. |
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You will only need to provide items
from the list below that pertain to your specific situation: |
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- Most recent pay stubs on all employment
for the last 30 days |
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- The last two (2) years complete tax
returns |
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- The last two (2) years W-2 and 1099
forms |
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- Award letters for social security or
disability income (if applicable) |
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- Award letters from pension or retirement
income (if applicable) |
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- Mortgage statements on all open real
estate loans (including rentals) |
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- Rental agreements (if you currently
have tenants renting from you) |
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-Checking/Savings accounts and other
assets including bank addresses, account numbers, and if available 3 months most
recent bank statements. |
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- Complete bankruptcy papers (if applicable)
Copy of petition and discharge, handwritten explanation of reason for bankruptcy,
evidence of excellent credit since the bankruptcy. |
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- Complete divorce papers or separation
agreements (if applicable) |
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- Name and address of current landlord
(if applicable - purchases only) |
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- Letter of explanation for any derogatory
credit |
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- Cash out letter (if you are obtaining
a loan with extra cash out, explain what you intend to use the cash for) |
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- Gift letter and evidence of funds (purchases
only) |
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- If you are NOT a US citizen, we will
need a copy of your green card (front & back) |
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- If you are NOT a permanent resident
of the US, we will need a copy of your H-1 or L-1 visa. |
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If self-employed you will also need: |
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- A year-to-date profit and loss statement |
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- K-1 forms (if applicable) |
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- Partnership and/or corporate tax returns
(if applicable) |
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