|
Also alternative documents may be suitable depending on the loan program chosen.
Salaried Borrower Income
Most
recent Pay stubs (usually last month 2-4
periods) including year to date payroll
information
 |
Last
2 years W2 forms |
|
Award
letter or proof of income from: Social
Security, Pension Plan, Disability payer, |
|
Rental
Income (Schedule H, 1040) or any other income
items reported. |
Non Salaried Borrower Income (example: self employed, commission)
|
Last 2 years form 1040 |
|
Last 2 years Business tax returns, if applicable |
|
Year to date employment or business profit and loss statement |
|
Award letter or proof of income from: Pension Plan, Rental Income (Schedule H, 1040) or any other income items reported |
All Borrowers - Assets
|
Last 3 months bank statements ALL PAGES |
|
Pension, 401k, IRA statements, if they represent the source of funds used in the transaction |
|
Statements for any source of funds used in the transaction, including gifts |
All Borrowers - Debts
|
Last 12 months cancelled rent checks |
|
Payment book or statement on installment debt |
Other Items
|
Bankruptcy petition and discharge |
|
Final divorce decree paper |
Credit Items
|
Explanation letter for any slow pays, defaults, foreclosure, judgments/liens, bankruptcy or any credit inquiries within the last 90 days |
|
Proof that credit report past due balances, collections, judgments have been satisfied |
|
|
