Are you just starting your home buyers journey?
Here is a great checklist for you to start getting things together for your lender!
Income
MOST RECENT PAYSTUBS COVERING AT LEAST ONE MONTH
• MOST RECENT FEDERAL THREE YEARS TAX RETURNS (ALL SCHEDULES)
• MOST RECENT THREE YEARS W2s FOR ALL EMPLOYERS
• TWO YEARS BUSINESS RETURNS FOR SELF EMPLOYED BORROWERS (IF APPLICABLE)
• MOST RECENT SOCIAL SECURITY AWARD LETTER (IF APPLICABLE)
• PROOF OF 12 MONTH RECEIPT OF CHILD SUPPORT (IF APPLICABLE)
• NON-BORROWING SPOUSE’S INCOME DOCUMENTS IF APPLYING FOR 1st TIME BUYER PROGRAMS
ASSETS
• RECENT TWO MONTHS BANK STATEMENTS (ALL PAGES; MUST BE STAMPED BY TELLER IF PRINTED AT BANK)
• RECENT RETIREMENT ACCOUNT STATEMENT INCLUDING WITHDRAWAL RULES
OTHER ITEMS
• COPY OF DRIVERS LICENSE AND SOCIAL SECURITY CARD • DIVORCE DECREE (IF APPLICABLE)
• CHILD SUPPORT COURT ORDER (IF APPLICABLE)
• PROOF OF INS., TAXES, & MORTGAGE STATEMENTS IF RETAINING PROPERTY (IF APPLICABLE)
• DISCHARGE PAPERS FOR BANKRUPTCY IF IN THE LAST 7 YEARS (IF APPLICABLE)