You need to provide documentation of income (to support the mortgage), assets (to make a downpayment and pay closing costs) and ongoing debts. More specifically this includes the the following information:

  • W2’s for the past 2 years
  • 4 current paystubs
  • Residence addresses from the past 2 years
  • Names and addresses of employers from the past 2 years
  • Last 3 months of bank statements for all checking, savings, mutual funds/401K etc.
  • Names, addresses, account numbers and monthly payments on all open loans – car, student, personal, mortgage, etc. plus credit cards and other debts
  • Addresses of other real estate owned; if rental, we need leases
  • Last 12 months rent checks or Landlord’s full name and mailing address for the past 2 years
  • Copy of Social Security Card (FHA)
  • Legal description/Deed (FHA/VA)
  • Green Card (if applicable)
  • Certificate of Eligibility (VA)
  • If you are self-employed, we need last 2 years tax returns and all schedules
  • Copy of Divorce Decree
  • Purchase Agreement
  • And possibly the last 3 years tax returns (CHFA)

Posted in: The Home Buying Process