What does my lender need to approve my loan?
Income
If you are a wage or salary employee:
Most recent 2 years W2s
Most recent pay stubs covering a 30 day period
If you are self-employed:
2 years Federal Tax Returns, signed
If you have rental income:
Real estate schedule: property value, loan amount, payments, rent received
Copy of all leases
Rent roll
If you are retired:
Retirement statement/award letter
If you receive or pay child support or alimony:
Proof of receipt continuing 3 years after the close of escrow
If you own 25+% of any corporation:
2 years Corporate Federal Tax Returns
Assets
2 months bank statements
2 months statements on any retirement account or 401k
Gift letter if down payment will be gift funds (documented)
Housing
If you are currently renting:
12 months cancelled rent checks
Rental history for 2 years
Contact information for your current landlord
If you own your home:
Current mortgage statement, if applicable
Note, if refinancing
Miscellaneous
Driver License / Photo I.D.
Social Security Card
Homeowners Insurance Contact Information
Divorce Decree
Bankruptcy Paperwork
DD214, Certificate of Eligibility (VA)
