Items Needed to process your loan:
- Driver’s License, Residency Card (front and Back) Naturalization certificate (color copy/scan)
- Social security card
- Divorce decree
- Child support received or paid (court order, money orders, cancelled checks, proof received)
- Alimony received or paid (court order, money orders, cancelled checks, proof received)
- Employment, 2 years consecutive history, with HR contact info
- 1 month of paystubs (example: all paystubs received in January & from all jobs
- W2 for most recent 2 years
- Tax Returns for Most recent 2 years – If you filed an extension, please provide proof of extension
o K1schedules–ifbusinessowner - IRS debt – Proof of installment agreement or proof of balance satisfaction
- Student loans: proof of payment plan or deferral agreement
- Credit card balances/collection account: letter with zero balance or correct account balance
- Statements: checking, savings, retirement and investment accounts – all page for recent 3 months
o Noscreenshotsorsummaryprintoutunlessrequestedbylender
o Largedepositsorwithdrawalsinlast90days–provideexplanation - Bankruptcy or Judgement court documentation
- Cancelled rents checks – residential history for 2 years
- Purchase Contract
- Escrow Deposit (cancelled check or wire transfer)
- Homeowners Insurance Agent contact information
- Week 1: Review mortgage application, personal and financial documentation. o Allreportsandinspectionsarerequested
- Week 2: Your loan is submitted to lender and preliminary disclosures are sent to you for signature o Reportsshouldbebackinforreview,senttolenderforreview.
- Week 3: Conditional Approval received – Lender may request additional documentation at this time o Submitfinalitemsandlockinloan
- Week 4: Review Final closing disclosures and final figure estimate o ScheduleClosing!
