Loan Check List

W2 Wage Earner

1. Last 2 years w’2s
2. Current pay stubs (30 days pay) with a year to date. A verification of employment (VOE) may be sent to employer to determine income.
3. Last 2 months bank statements, all pages. A verification of Deposit (VOD) may be sent to banks to determine assets.
4. 401k statements for the last 2 quarters (or other assets such as CDs, IRAs ECT) A VOD may be sent to bank or institution to verify assets.
5. Current mortgage statement (if not shown on credit report) A verification of Mortgage (VOM) will be sent to bank if mortgage not rated on credit report.
6. Letter of explanation explaining any past credit issues.
7. Copy of homeowner’s insurance declaration page if refinancing.
8. Copy of signed purchase agreement if transaction is a purchase. (If loan is a pre-qual this will be needed prior to final underwriting)
9. Copy of Drivers license
10. If using rental income please include all executed lease agreements.

Retired / Fixed income

1. Awards letter for SSI / Disability.
2. If disabled, proof of full time disability.
3. Proof of pension, awards letter ECT.
4. 1099’s if any.
5. Copy of Social Security Card
6. See checklist # 3-10 above.

Self-employed

1. Last 2 years Federal Tax returns. Please include all schedules (k1s included if filed) Please re-sign in blue ink.
2. 1099’s received.
3. Current year Profit and Loss statement.
4. See checklist # 3-10 above