Loan Doc Checklist
Last 2 year W2s and more recent 1 month pay stubs for W-2 income earner
Last 2 year federal tax return 1040 form with all schedules if own >1 property or self-employee.
Last 2 year business federal tax return +YTD company financial documents (P&L, Balance sheet) with all schedules for business shareholder with 25% + of a company's ownership
Last 2 month Asset statements with all pages
bank, stock, bonds, other investment, IRA/401k/insurance etc. liquidable or none-liquidable asset enough for down payment or reserve (2 month PITI for primary house and 6 month PITI for rental property. Jumbo loan might need more such as 12 -24 month PITI etc). PITI means principal, interest, property tax and insurance prorated monthly)
Most recent mortgage statements, lease, HOA, fire insurance, property tax statement for all home you have
Driver license copy, passport or valid ID for all buyer on title
If Green Card, copy of front and back of the Green card
If visa, copy of the legal visa
Last 2 year job history (Company name, address, job title, from when to when, income)
Last 2 year address history (Address, rent or own, from when to when)
Highest degree for all borrowers?
Any kids? age? (Eg. 2 kids, 10 & 3yr old)
Emails of all borrowers
Gift Letter and source document if any
Other documents might needed upon request: Social Security card, Diploma, Transcript, Lease, Divorce paper, Child support documents, Trust Info, K1, Social Security Income (award letter or bank statement shown SSI income), pension, divorce decree or separation agreement, alimony (12 months of cancelled of child support checks), current business license etc.
For purchase, need home purchase contract and buyer agent contact info