Loan Documentation:
Verification of income
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We verify all income through W-2 forms/1099's/K-1's, recent pay stubs and in some cases tax returns for the past two years
- Self-employed borrowers need to profit & loss statements for the current year
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Additional income used may include social security, overtime bonus, commission, interest income, veteran's benefits, alimony or child support
Verification of your assets
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All bank statements for the previous 2 months, all pages
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List of stocks or investments and their approximate market values
Your debts not disclosed on the credit report
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Current mortgage or rental payments (including landlord contact and 12 months canceled checks)
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Copies of alimony, child support
Information about the purchase
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Copy of the Purchase Contract
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Copy of Earnest Money Check