Below is a list of required documents for self-employed borrowers purchasing a home in California.  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 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.
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