Identification

• Government Issued ID – this is typically your driver's license or passport-- CLEAR Copy

• Non-U.S. Citizens – Copy of Your Permanent Residence Card or Other Visa Information

 

Income Documentation

• 30 Days of Paystubs​

• ​W2s for The Last Two Years

• Federal Tax Returns (Personal) for the Previous  2 Years --all schedules needed

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Employed Less Than 2 Years or Experienced a Gap in Employment?

• Formerly a Student? – Copy of your Diploma, Degree, or Transcript

• On Leave [i.e., Medical, Maternity]? – Please provide a signed explanation letter.  Additional documents may be required to support your letter

• Gaps in Employment During the Last 2 Years? - Please Provide a Signed Explanation Letter.

• Changing Jobs? – Copy of your New Employment Contract or Offer Letter

 

Self-Employed Applicants--if you own 25% or more of any business entity

• Tax Returns for the Last Two Years (Business & Personal)

• Proof of Self-Employment [such as a copy of your business license or a letter from your CPA] confirming that they have prepared your taxes for at least the previous two years.  Reach out with any questions on this subject.

• Profit and Loss Statement – Year to Date – Unaudited----signed and dated

 

Other Types of Income:

• Pension Letter

• Social Security Awards Letter

• Proof of Child Support – Maintenance - ONLY if you want this income included in your application. Note: If you want to use this as income, we will also need a Divorce decree/Separation agreement & copies of payments made for the last 6 months. Additionally, the Divorce decree must state that you will receive this income for at least 3 years after purchasing your new home.

 

​Rental Properties & Income:

• Complete list of all real estate owned and date acquired -including vacant land

• Leases for all rentals

• Mortgage Statement for each Property owned -last 2 months

• Proof of Insurance for Each Property including billing statement

• HOA billing statements if applicable

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Asset Documentation:

• 2 Most Recent Statements from ANY Asset you would like us to consider.

• Important:  We need FULL/ALL Numbered Pages [Even if they are blank] for each account. 

• Large Deposit in Your Account(s)? - If you have any large deposits, please write a note about what they are. [We may need further documentation based on reason]

• CLEARED Earnest Money Deposit Check – Copy of the wire to the title company or cleared check [front of check with bank statement showing it cleared]

 

Credit/Debt Obligations Information:

• Credit Inquiries – Please type and sign a letter of explanation for the inquiries. We need to know why you applied for credit and whether this will result in new debt.

• Debt Paid by someone else? If you have an obligation such as a car loan or student loan paid by someone else, please provide copies of 12 Months of Cancelled Checks from the Person making the payments.

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Information for the property being purchased:

• Sales Contract w/ALL Addendums - Must be Signed by All Parties (this can typically be obtained by us from your real estate agent)

• Your Present Home sales contract --if pending-- or Lease if you are Leasing Your Present home

• Homeowner’s Insurance quote on your new home-- with insurance agent contact info--email and phone

 

If You Are Selling or Refinancing Your Current Home:

• Mortgage Statements – Most Recent 2 months

• 2nd Mortgage/HELOC Statement, if applicable--last 2 months

• Tax Bill – Most Recent

• Homeowner’s Insurance – Most Recent Statement

• Condo/HOA Dues – current billing statement

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Contact us for any special or unique situations and we will guide you through the documents needed.

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