Required Documentation For Loan Application
In applying for a home loan, certain information is helpful in speeding the processing time. Below is a list of typically required documentation.

ALL LOANS

• Last two years W-2 statements or K-1's.
  
• Paystubs from present employer covering at least the most recent thirty days.
  
• For self employed borrowers: Last two years federal tax returns.
  
• For borrowers who own 25% or more of any corporation/partnership, last two years corporate/partnership tax returns.
  
• Two months most recent bank statements.
  
• Documentation of any assets listed on loan application which do not fall under the heading of "bank statements". Must cover a three month or one fiscal quarter period.
  
• If a gift is being used for this transaction; original gift letter signed by donor and documentation of donor's funds (i.e. one month statement or similar documentation) Evidence of reciept and deposit of gift funds into a liquid personal account.
  
• For any rental properties owned; copies of leases and mortgage coupons or payment stubs.
  
• If applicable, final signed divorce property settlement agreement or separation agreement.
  
• Copy of drivers license or government issued photo identification for all borrowers.
  

Purchase Loans:

• Copy of sales contract for subject property signed by borrowers and sellers including all addendums.
• Copy of cancelled earnest money deposit check (front and back).
• Copy of HUD-1 settlement statement from sale of previous home (if applicable) showing net proceeds from sale.

Refinance Loans:

• Mortgage coupon or payment stub and copy of property deed
• Survey and Title Policy, if available
• Most current year-end mortgage loan statement
• Homeowner's Insurance information