Property Documentation

• Signed purchase contract with all addendums
• Verification of earnest money deposit
• Contact information for your realtor, builder, insurance agent, and attorney
• MLS listing sheet and legal property description
• For condos: declaration, bylaws, and most recent budget

  Income Documentation  
For Salaried or Hourly Borrowers

• Most recent 30 days of pay stubs
• W‑2s for the past two years
• Employer names and addresses for the last two years
• Letter of explanation for any employment gaps
• Work visa or green card (front and back), if applicable

For Self‑Employed or Commission‑Based Borrowers

• Full federal tax returns for the last two years (all schedules)
• Year‑to‑date Profit & Loss statement
• K‑1s for partnerships or S‑corps (last two years)
• Business tax returns (1120 or 1065) if you own 25% or more of the business

For Alimony or Child Support Income

• Divorce decree or court order
• Proof of receipt for the past 12 months

For Social Security, Disability, or VA Benefits

• Award letter from the agency or organization

Assets & Source of Funds

• Bank statements (checking, savings, money market) — last 2–3 months
• Brokerage statements for stocks, bonds, or mutual funds
• Retirement account statements (401k, IRA), if using for funds
• Gift funds: completed Gift Letter + proof of donor transfer
• If selling a home: signed sales contract + closing statement at settlement

Debts & Obligations

• List of all current debts: names, account numbers, balances, monthly payments
• Last three statements for credit cards, loans, or lines of credit
• Mortgage statements for any properties owned
• Lease agreements for rental properties
• Divorce decree if paying alimony or child support

Additional Items (If Applicable)

• Explanation letters for credit inquiries
• Bankruptcy or foreclosure documentation
• Proof of large deposits
• Copy of driver’s license or government ID
• Application fee (if required)

Why Lenders Request These Documents

Lenders use this information to verify:

• Your identity
• Your income and employment stability
• Your ability to repay the loan
• Your available assets for down payment and closing costs
• Your creditworthiness
• The property’s eligibility

Providing complete and accurate documentation helps prevent delays and ensures a smooth approval process.