Required Documents for a Home Purchase in California

Below is a list of required documents for a home purchase in California for salaried, hourly, self-employed, and retired borrowers.  To make your purchase in California as smooth as possible, provide your mortgage broker with all required documents upfront. 

Required documents for a home purchase for salaried borrowers in California

  1. Copy of your driver’s license
  2. Copy of your Green Card (front and back) if you are a Permanent Resident Alien.
  3. 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).
  4. Two most recent pay stubs (covering 30 days)
  5. Last two years’ W-2s for all employers
  6. If you receive bonus or overtime income and you think we may need it to qualify, please send the final pay stub you received in the past two years so we can see your total overtime and bonus income for those years.
  7. Copy of your last two months’ bank statements for all assets. We need every page of the statement, even if the page is intentionally left blank. Please include the statement (s) for the account(s) you are using for your earnest money deposit, remaining down payment, closing costs, and potentially reserve funds.
  8. 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 under contract to buy a home, we do not need this for your preapproval.
  9. 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.

Required documents for a home purchase for hourly borrowers in California

  1. Copy of your driver’s license
  2. Copy of your Green Card (front and back) if you are a Permanent Resident Alien.
  3. 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).
  4. Two most recent pay stubs (covering 30 days)
  5. Final pay stub from the two most recent years.  (If you have changed employers, please send the final pay stub from your previous employers.)
  6. Last two years’ W-2s for all employers
  7. Copy of your last two months’ bank statements for all assets. We need every page of the statement, even if the page is intentionally left blank. Please include the statement (s) for the account(s) you are using for your earnest money deposit, remaining down payment, closing costs, and potentially reserve funds.
  8. 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 under contract to buy a home, we don’t need this for your preapproval.
  9. 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.

Required documents for a home purchase for a self-employed borrowers in California

  1. Copy of your driver’s license
  2. Copy of your Green Card (front and back) if you are a Permanent Resident Alien.
  3. 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).
  4. Two most recent pay stubs covering 30 days. (if applicable)
  5. Last two years’ W-2s (if applicable)
  6. Last two years’ personal tax returns. All pages and schedules, please. We do not need your state returns. (If in the same business for 5 or more years, most recent tax return is fine)
  7. Last two years’ business tax returns (if applicable). All pages and schedules, please. We do not need your state returns. (If in the same business for 5 or more years, most recent tax return is fine)
  8. Year-to-date profit and loss statement. (if available)
  9. Copy of your last two months’ bank statements for all assets. We need every page of the statement, even if the page is intentionally left blank. Please include statements for the account(s) you are using for your earnest money deposit, remaining down payment, closing costs, and potentially reserve funds.
  10. 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 under contract to buy a home, we don’t need this for your preapproval.
  11. If you own other properties, we’ll need the mortgage statement, homeowner’s insurance declaration page, and HOA statement (if applicable) for all properties.

Required documents for a home purchase for retired borrowers in California

  1. Copy of your driver’s license
  2. Copy of your Green Card (front and back) if you are a Permanent Resident Alien.
  3. 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).
  4. Social Security income: we’ll need one of the following:
    1. Copy of the most recent Social Security award letter.
    2. Most recent 1099 for Social Security income
    3. First two pages of your most recent tax return
    4. Two most recent bank statements where your Social Security income is deposited.
  5. Pension income:  we’ll need one of the following:
    1. Pension award letter
    2. Two most recent bank statements where your pension income is deposited.
    3. Most recent 1099 for pension income
  6. IRA income:  Two most recent bank statements for your IRA account(s).  All pages, please.
  7. Copy of your last two months’ bank statements for all assets. We need every page of the statement, even if the page is intentionally left blank. Please include the statement (s) for the account(s) you are using for your earnest money deposit, remaining down payment, closing costs, and potentially reserve funds.
  8. 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 under contract to buy a home, we do not need this for your preapproval.
  9. 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.
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