Our Loan Process

Documentation Checklist

The amount of paperwork involved in securing a loan and financing a home can be daunting. Refer to the following lists for a detailed description of the documentation you’ll need throughout the process.

Documents Required from All Loan Applicants

Most recent 30-day pay stubs/pension awards letter/social security award letter
W2s and/or 1099s for the last two years
Complete federal tax returns for the most recent two years (all pages and schedules. Sign page two. No state returns required.)
Copies of Extensions (If Applicable)
Signed copy of Social Security card/Green card and/or Visa. (front and back – current/not expired)
Copy of current driver license(s)
Most recent 2 months of checking, savings, and retirement account statements, which must include your name, institution name and account number (all pages of each statement)
Source of any deposit over normal direct payroll/pension/social security. Copy of asset statement for the source from which the funds were transferred and/or copy of the documentation showing the source of the deposit
Copy of the earnest deposit checks you gave the builder and the bank statements showing these funds clearing your account (once this occurs)
Current and previous landlord’s name, address, and phone # (if applicable) covering the most recent 24-month history
Most recent mortgage payment statement to verify tax and insurance escrow (if applicable) or most recent copy of your homeowner’s insurance and property tax bills

Documents Required from Self-Employed Buyers

Business tax returns for the most recent two years (all pages and schedules. Sign page two) if you own 25% or more interest in the company
K1 for the most recent two years
If extensions have been filed, copies of extensions and a YTD P&L Balance Sheet signed by a CPA

Documents Required for VA Loans

DD-214
Certificate of Eligibility
Statement of Service
Alive and Well Letter
Nearest living relative’s name, address, and phone number
Letter on any child care expenses signed and dated

Additional Documents Required (If Applicable)

Copy of applicable Citizenship Documents
Copy of Divorce Decree and Final Judgment (if required by state). All pages, including property settlement agreement and child support orders
Separation Agreement (if separating joint assets/liabilities). All pages
Copy of bankruptcy papers and discharge (all schedules)
Letter of explanation for derogatory accounts, miscellaneous inquiries, name and address checks (supporting documentation if applicable)
Foreclosure/Short Sale Documentation
Lease agreements, deposit/security check, and appraisal requirements to establish current home equity (rental income is utilized)
Current HOA Payment Coupons (if applicable)
Copy of SPECIFIC Power of Attorney and/or trust. POA outline to be provided by closing title company, original to be submitted to title prior to closing.

Documentation Checklist

Documents Required from All Loan Applicants

Most recent 30-day pay stubs/pension awards letter/social security award letter
W2s and/or 1099s for the last two years
Complete federal tax returns for the most recent two years (all pages and schedules. Sign page two. No state returns required.)
Copies of Extensions (If Applicable)
Signed copy of Social Security card/Green card and/or Visa. (front and back – current/not expired)
Copy of current driver license(s)
Most recent 2 months of checking, savings, and retirement account statements, which must include your name, institution name and account number (all pages of each statement)
Source of any deposit over normal direct payroll/pension/social security. Copy of asset statement for the source from which the funds were transferred and/or copy of the documentation showing the source of the deposit
Copy of the earnest deposit checks you gave the builder and the bank statements showing these funds clearing your account (once this occurs)
Current and previous landlord’s name, address, and phone # (if applicable) covering the most recent 24-month history
Most recent mortgage payment statement to verify tax and insurance escrow (if applicable) or most recent copy of your homeowner’s insurance and property tax bills

Documents Required from Self-Employed Buyers

Business tax returns for the most recent two years (all pages and schedules. Sign page two) if you own 25% or more interest in the company
K1 for the most recent two years
If extensions have been filed, copies of extensions and a YTD P&L Balance Sheet signed by a CPA

Documents Required for VA Loans

DD-214
Certificate of Eligibility
Statement of Service
Alive and Well Letter
Nearest living relative’s name, address, and phone number
Letter on any child care expenses signed and dated

Additional Documents Required (If Applicable)

Copy of applicable Citizenship Documents
Copy of Divorce Decree and Final Judgment (if required by state). All pages, including property settlement agreement and child support orders
Separation Agreement (if separating joint assets/liabilities). All pages
Copy of bankruptcy papers and discharge (all schedules)
Letter of explanation for derogatory accounts, miscellaneous inquiries, name and address checks (supporting documentation if applicable)
Foreclosure/Short Sale Documentation
Lease agreements, deposit/security check, and appraisal requirements to establish current home equity (rental income is utilized)
Current HOA Payment Coupons (if applicable)
Copy of SPECIFIC Power of Attorney and/or trust. POA outline to be provided by closing title company, original to be submitted to title prior to closing.