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What documents should I have handy ? |
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We will underwrite your loan based on the information you provided on your application and will then request only the documentation needed. Based on your credit, equity and/or down payment, some documentation might be waived by the automated underwriting systems we utilize. |
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Use the following only as a guideline on what to expect in terms of documentation requirements |
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To save time and expedite the application process, be ready to provide the credit, income, social security number, assets, liabilities, residence and enployment history for the last 2 years for you and that of your co-borrower(s) |
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For All Borrowers |
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 Most recent 2 months of bank statements |
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Most recent hazard insurance statement |
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If you are not a U.S. Citizen, a copy of your Alien Registration Card |
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For Salaried Borrowers |
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Your most recent checkstub to verify income covering a 30 day period and showing your year to date income. |
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Most recent 2 years W 2s |
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For Self Employed Borrowers (Including Commissioned borrowers) |
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Most recent 2 years of complete personal federal tax returns. |
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For Retired Borrowers |
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Copies of the retirement Award Letters |
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For Borrowers Who Are Currently Renting |
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The name, address and phone number of your landlord might be necessary to verify your payment history. |
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For Purchase Transactions |
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A fully executed copy of your purchase agreement. |
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Name of Escrow and Title Companies |
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Name and full contact info of your and the seller's Real Estate agent. (We need to keep them informed of the status of your loan) |
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For Borrowers Subordinating Their Existing 2nd Trust Deeds or HELOCs |
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Copy of the Deed of Trust & the Note (HELOC Agreement in case of Helocs) of the loan being subordinated |
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Please note that the subordination process could delay the closing of your loan by at least 2 - 3 weeks, puting your rate lock at risk. We will offer you a free refinance of your existing 2nd TD if you would like. |
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