If you are looking to refinance your home for BIG savings, your mortgage team will need some documentation to verify your identity, income, and assets. With your cooperation, you’ll be saving in no time!
Items in orange are required of all applicants. Italicized items will only apply to some applicants.
Copy of government-issued photo ID (front and back)
If you are not a US citizen: Copy of your green card (front and back)
Most recent consecutive pay stub(s) covering the last 30 days
Past two years W-2s and/or 1099s
Past two years completed and signed federal tax returns, including all schedules
If you are self-employed: Most recent two years business licenses or a letter from your CPA stating the name of the business and the number of years you have been self-employed
If you receive Social Security, Disability, Pension, Annuity, or Other Income: Award letter and bank statements evidencing receipt of funds
If you receive rental income: Lease agreement(s) and/or Schedule E of your most recent federal tax return
If you are starting or recently started a new job: Offer letter from employer showing terms of employment
If applicable alimony, child support, and/or separate maintenance: Signed copy of Divorce Decree, Child Support Agreement, and/or Separation Agreement
Most recent two months bank statements, all pages included (i.e. 6 of 6)
Evidence of the source of any funds used for down payment (ex: 401K, IRA, HUD-1 from sale of property)
Statements for any accounts being used for reserve assets (ex: 401K, IRA, other retirement funds)
If gift funds are being given: Signed gift letter from donor and evidence of receipt of funds
If you own other real estate: Current mortgage statements for any property owned, including tax and insurance information
An executed copy of the purchase contract
Evidence that the Earnest Money and Due Diligence deposits have been paid
If divorced or separated: Signed copy of Divorce Decree and/or Separation Agreement and signed copy of Child Support Agreement, if applicable
If living rent-free: Signed letter from current residence property owner stating that you live at that residence rent-free
Take your first step towards buying a new home. Know how much house you can afford.