In general, the documentation you will need includes:
Property Information (if you are purchasing a home)
Purchase Agreement for home you are buying.
If you are selling your current home, details of sale - net sheet.
If you have sold your current home, copy of settlement statement (HUD-1).
Income & Assets for All Borrowers
Pay stubs for the last 30 days.
For the past two years:
Names, addresses, phone numbers of each employer - include your official title and how long you have been on that job and how long you have been in that line of work.
W-2s
Statements for each bank account for last two months. For mutual fund, and/or investment/retirement accounts, provide most recent quarterly statements.
Estimated value of autos/boats/RVs and personal property.
If you have made any large deposits to your accounts within the last 60 days:
Explanation and source for deposit.
If large deposit was a gift:
Signed gift letter (lender can supply).
Copy of gift check.
Copy of deposit receipt.
If you own more than 25% of a business:
Corporate or partnership tax returns.
If self-employed:
Federal Tax returns for the last two years (with schedules).
Year-to-Date Profit and Loss Statement prepared by an accountant.
If you own rental property:
Tax returns for the last two years and current rental agreements.
If you are retired:
Pension Award Letter.
If you receive Social Security:
Social Security Award Letter.
If you are counting child support as income:
Copy of divorce settlement.
Copy of twelve months of cancelled child support checks.
Debts
Names, addresses, account numbers, balances and monthly payments on all current loans - we can obtain this from your credit report.
Explanation of any negative info on credit report, including:
Late payments, credit inquiries in the last 90 days, charge-offs, collections, judgments and/or liens.
Bankruptcy filed within last seven years (bring a copy of your bankruptcy papers including discharge document).
VA Loans
Copy of DD Form 214, Report of Separation.
Additional Items Needed
Photo ID and proof of Social Security number.
Residence addresses for the past two years.
Copy of property tax bills and mortgage statements for all properties owned.
Copy of homeowner's insurance policy pages showing annual amount paid for insurance for all properties owned.
If applicable, a copy of your divorce decree if divorce is taking place or if refinance is necessary as a result of divorce proceedings.
If you are not a U.S. citizen, a copy of the front and back of your green card.
Other items may be requested per the lender’s requirements.
HighTechLending, Inc. PO Box 2351 Shingle Springs, CA 95682
