Required Documents for a Purchase

Required documents for all borrowers:

Clear copy of your driver’s license

Copy of your Green card (front and back) if you are a Permanent Resident Alien.

Copy of your work visa if you are a Non-permanent Resident Alien. If your visa has expired please provide your extension paperwork (I-797).

Copy of your last two month’s bank statements for all assets. We need every page of the statement even if the page is left blank intentionally. Please be sure to include the statement for the account(s) that you are using for your earnest money deposit, remaining down payment, closing costs, and potentially reserve funds.

Homeowner’s insurance policy for the new property. If you are buying a condo/townhouse and the HOA’s master policy does not cover “walls-in” insurance or HO6 insurance AND betterments and improvements – you will need to get an HO6 homeowner’s insurance policy. If you are not already in contract to buy a home we do not need this for your preapproval.

If you own other properties, we’ll need the mortgage statement, homeowner’s insurance declaration page and HOA statement (if applicable) for all properties. If we are using rental income to qualify please send us your most recent personal tax return. All pages and schedules please.

In addition to the items above, we’ll need the following items…

Salaried borrowers only:

Two most recent pay stubs (covering 30 days) for all employers.
Last two year’s W-2’s for all employers.

Self-employed borrowers only:

Two most recent pay stubs (if applicable)
Last two years 1099’s and W2s (if applicable)
Last two years Personal Tax Returns. All pages and schedules, please. We do not need your state returns.
Last two years Business Tax Returns (if applicable). All pages and schedules, please. We do not need your state returns.
Year to date profit and loss statement.

Retired borrowers only:

Social security income (if applicable) – we’ll need your most recent Social Security Award letter or most recent 1099 showing social security income or most recent personal tax returns – all pages of your tax returns, but we do not need your state returns.
Pension income (if applicable) – Pension award letter or most recent 1099 showing pension income or most recent personal tax return – all pages of your tax return, but we do not need your state returns.
IRA income – Two most recent bank statements for your IRA account(s). All pages please. If you took IRA distributions last year, please send us your most recent personal tax return. All pages, please. We do not need your state returns.
Last two month’s bank statements for the account(s) where your social security and/or pension income is deposited. All pages of the bank statements, please, even if the pages are left blank intentionally.

Required documents for all borrowers:

In addition to the items above, we’ll need the following items…

Salaried borrowers only:

Self-employed borrowers only:

Retired borrowers only:

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