| In general, the documentation you will need includes: |
|
| Property Information (if you already have a contract on a
house) |
|
Purchase
Agreement. |
|
If you
are selling your current home, copy of listing contract. |
|
If you have sold your
current home, copy of settlement statement (HUD-1). |
|
|
Income & Assets
|
|
Pay
stubs for the last 30 days.
|
| |
For
the past two years: |
| |
|
Names
and addresses of each employer.If there are gaps of employment, a letter of explanation.
|
|
W-2s |
|
|
Statements
for each bank, mutual fund, and/or investment account for the last two
months. |
|
Estimated
value of personal property and furniture. |
| |
If you
have made any large deposits to your accounts: |
| |
|
Explanation letter with the following format and supporting documents:
- Account number:
- Date, deposit amount, explanation.
|
|
If large deposit
was a gift: |
| |
|
Signed
gift letter. |
|
Copy
of gift check. |
|
Copy
of deposit receipt. |
|
|
| |
If you own more than 25%
of a business: |
| |
|
Corporate or
partnership tax returns. |
|
| |
If
self-employed: |
| |
|
Tax returns for
the last two years (with schedules). |
|
Year-to-Date Profit and Loss
Statement prepared by an accountant. |
|
| |
If you
own rental property: |
| |
|
Tax returns for the last two years
and current rental agreements.
Property insurance declaration on the rental properties.
|
|
| |
If you
are converting your current home into a rental property when buying a new home |
| |
|
Rental agreement
Copy of security deposit check
Online printout of the security deposit in your account
|
|
| |
If you
are retired: |
| |
|
| |
If you receive Social Security: |
| |
|
Social Security Award Letter. |
|
| |
If you are counting child support as income: |
| |
|
Copy of divorce settlement. |
|
Copy of twelve
months of cancelled child support checks. |
|
|
|
Debts
|
|
Monthly
payment statements on all current loans. |
|
Explanation of credit
report anomalies, including: |
| |
|
Late payments,
credit inquiries in the last 90 days, charge-offs, collections,
judgments and/or liens. |
|
Bankruptcy filed within last seven
years (bring a copy of your bankruptcy papers). |
|
|
|
|
Miscellaneous
|
|
Copy of driver licenses.
|
|
If applicable, a copy of your divorce decree.
|
|
If you are permanant
resident, a copy of the front and back of your green card. |
|
If you are on H1B or L1B visa, a copy of visa and passport.
|
