* Earnings statements: W-2 forms, recent pay stubs and tax returns for the past two years;
* If you are self-employed: profit and loss statements and tax returns for current year and previous two years;
* Additional income: social security, overtime bonus, commission, interest income, veteran’s benefits and so on.
Verification of your assets
* List of bank accounts, the address of your bank branch, checking and savings account statements for the previous 2-3 months
* List of investments, including approximate values (Last two statements)
* Copies of titles to any motor vehicles that are paid in full
Information about the purchase (Not needed for refinance)
* Copy of purchase contract
* If deposit was made on the home, proof of deposit
Your debts
* Credit card bills for the past few billing periods
* List of consumer debts such as car loan, credit card bills, etc.
* Evidence of mortgage and/or rental payments
* Copies of alimony or child support
Keep in mind that a mortgage application is a dynamic process, which means that different lenders may request different levels of documentation. It is best to speak with your loan officer before the initial application is taken to assure that all bases have been covered. You may contact Wayne Pope today to get your questions answered by calling: (918)-269-3621.
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