YOUR HOMEOWNERSHIP IS OUR GOAL!
CALL US NOW: 1-954-801-2419
CALL US NOW: 1-954-801-2419
RESOURCES | LOAN DOCUMENTS CHECKLIST
PRE-APPROVAL STAGE
PRE-APPROVAL LETTER
Preapproval is usually conducted online or over the phone with one of our loan officers. Initially we only need the following information for preapproval:
- Estimated Annual Household Income (ALL borrowers combined)
- Estimated Annual Household Debt/Expenses (ALL borrowers combined)
MORTGAGE APPROVAL STAGE - USING EMPLOYMENT INCOME
EMPLOYMENT INCOME VERIFICATION
Full document verification is used for borrowers who are employed and salaried. You will want to have the following documents ready to speed up the mortgage process. You need not have all the documents at once, you can submit them as they are required by our loan officer. Additional documents may be required based on your situation.
The list below is required for Borrowers using Employment Income:
- Copy of driver’s licenses
- Copy of fully executed contract signed by all parties (for Purchase only)
- Current Mortgage A/C Number (for Refinance & Reverse Mortgage only)
- FOR EMPLOYMENT INCOME - DOWNPAYMENT LESS THAN 20%
- FHA, VA and Conventional loans available
- Paystubs for last 2 months showing YTD earnings including OT, bonus, commission
- W2 forms for last 2 years
- Tax Returns for last 2 years with ALL schedules
- FOR EMPLOYMENT INCOME - DOWNPAYMENT 20% OR MORE
- Conventional loans ONLY
- Bank Statements for last 3 months (all pages, even blank pages)
- W2 forms for last 2 years
- Tax Returns for last 2 years with ALL schedules
MORTGAGE APPROVAL STAGE - USING BANK STATEMENTS
BANK STATEMENT VERIFICATION
Bank Statement verification is suited for borrowers who are self-employed and/or using business income to qualify. You will want to have the following documents ready to speed up the mortgage process. You need not have all the documents at once, you can submit them as they are required by our loan officer. Additional documents may be required based on your situation.
- FOR SELF EMPLOYED INCOME - BANK STATEMENTS
- Income based on deposits to both business and personal accounts
- Conventional loans ONLY
- Bank Statements for last 3 months (all pages, even blank pages)
- YTD P&L Statements prepared by licensed CPA
- Proof of CPA State License
- FOR LANDLORD RENTAL INCOME - BANK STATEMENTS
- Income based on deposits to both business and personal accounts
- Conventional loans ONLY
- Rental Income for all rental properties owned
- Mortgage statement and insurance info for ALL properties owned
- Bank Statements for last 2 months (all pages, even blank pages)
MORTGAGE APPROVAL STAGE - ADDITIONAL DOC (IF APPLICABLE)
ADDITIONAL DOCUMENTS
These additional documents may be required based on your situation. Our loan officers will advise which document you need to provide:
- Retirement/Investment Account Statements for last 2 years
- Social Security benefit award letter
- Bankruptcy discharge papers
- Divorce decree papers (child support or alimony)