| If you have.... |
|
Then we need.... |
|
| Lived in a rental unit(s) in the past 2 years |
|
Name, address and phone# of landlord(s) |
|
| If overtime, bonuses, or other variable income account for 25% or more of borrower's income |
|
2 years personal tax returns (form 1040 with all schedules) |
|
| Income from retirement, pension, or Social Security |
|
2 years personal tax returns, and/or "award letter" from payor |
|
| Income from contracts, or notes receivable, or from rental
properties |
|
2 years personal tax returns, plus copies of contracts/notes or
rental agreements |
|
| Self-Employment Income, i.e. sole proprietor, partnership,
corporation |
|
2 years personal tax returns plus 2 years business returns,
year-to-date P&L, and balance sheet prepared by accountant |
|
| Been divorced |
|
Recorded copy of divorce decree |
|
| Income from child support |
|
Recorded copy of divorce decree, plus 12 months payment history |
|
| Declared Bankruptcy |
|
Copy of petition and final discharge of bankruptcy, plus letter of explanation |
|
| Had negative credit |
|
Letter of explanation |
| Permanent or non-permanent resident aliens |
|
I-151 and green card |
| For investment properties |
|
Rental Agreement/Lease, copy of Property Tax Bill and Declaration Page of your Insurance |
| If applying for a Refinance, Second or Equity Line of Credit |
|
1) Certificate of Insurance Coverage
2) For a Second or Equity Line – copy of deed of trust on your 1st mortgage
3) Copies of your mortgage statements and/or coupons |
| For VA Loans |
|
1) Copy of DD214 (Discharge) or Statement of Service.
2) Original Certificate of Eligibility |
