Below is a list of required documents for a home refinance in California for retired borrowers.  To make your refinance in California as smooth as possible, provide your mortgage broker with all required documents upfront. 

Required documents for a refinance 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 the account(s) you would use for any funds needed to close. We need every page of the statement, even if the page is intentionally left blank. If you do not intend to bring in any money to close or you are taking cashout you do not need to provide bank statements. If you own investment properties, we may need bank statements to show reserve funds. 
  8. Copy of your most recent mortgage statement(s) for all properties you own.
  9. Homeowner’s insurance declaration page(s) for all properties you own.
  10. Most recent HOA statement(s) for all properties (if applicable)
  11. If you own investment properties, please send us your most recent personal tax return.  All pages and schedules.  We do not need your state returns.
  12. If we are subordinating an existing Home Equity Line of Credit (HELOC), we’ll need a copy of the Note (terms of the loan) for the HELOC. All pages, please. If you do not have a copy of your Note, please request this from your lender. If we are paying off your HELOC, we do not need the Note.
  13. If you have solar and you have a loan or lease, we’ll need a copy of your loan or lease agreement.
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