Additional Documentation
If you are a salaried employee:
- Pay stubs-copies of your most recent stubs (past 30 days)
- W-2 forms-copies for past year
- Work history-explanation of employment gaps of 1 year or more
If you are self-employed or receive rental income:
- Tax returns-copies of personal and business tax returns from the past 2 years for each business, including all schedules
- Other sources of income
If applicable, we will also need:
- Documentation from additional sources of income (e.g., Social Security Awards Letter, leases and recent tax returns for rental income.)
We may also request:
- Homeowner’s insurance statement evidencing annual premium and dwelling coverage
- Mortgage Statement and/or escrow
- Trust agreement-if applicable
- Life Estate agreement-if applicable
Once the Loan/Line of Credit is approved
- Insurance Binder
- All individuals on Deed must attend closing regardless if they are on the loan or not