Below is a list of items generally required to process a residential mortgage loan:
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Photo ID for each borrower
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Current year-to-date pay stubs for each borrower, if applicable
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Contact person/phone number to verify employment
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If self-employed, two most recent corporate returns and K-1s
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Tax returns for past two years W-2’s or 1099’s for past two years
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Bank statements (all pages) for past two months
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Investment and or Retirement accounts for past two months
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Copy of sales contract when available
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Mortgage account information for any real estate owned
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Home insurance policy and property tax information for real estate owned
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Copy of the closing disclosure for any recently sold real estate
Note: In many cases, additional documentation is necessary, particularly for government loans (FHA, VA, and USDA), construction-to-perm loans, and programs designed for first time home buyers.
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