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As you begin the journey of applying for a mortgage there are certain items you will need along the way. We want to make your experience as smooth as possible, so we have compiled a list of documents you will need to complete the mortgage process.
10 THINGS WE NEED TO KNOW
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IDENTITY
IDENTITY
Legal Name
Social Security Number
Address (last 2 years)
Date of Birth
INCOME
INCOME
Employer Name
Compensation Amount
Work History
ASSETS
ASSETS
Bank Accounts
Investments
Other Real Estate Owned
For a Stated Income Purchase or Refinance Loan:
For a Stated Income Purchase or Refinance Loan:
12 to 24 months copies of personal bank statements verifying 60 days seasoned down payment
Fill out and send in 12 month Deposit Average form
Asset Statement (401K, Brokerage Accounts, Mutual Funds, Stocks, etc) if applicable
CPA Letter (CPA Sample letter)
Click here for cheat cheat on income guide for stated income documentation loans & mortgages
Signed loan application or click the apply now - Top right button in menu bar - and complete our secure online application
Mortgage Statement or Coupons/rental agreements (if Applicable)
HOA Documents
Home Owner Insurance provider info & dec. page
Sign: Borrower's authorization
Driver's License and Social Security Card
$25 Credit Card payment for each borrower on the loan payable at this link: http://www.bankerbroker.com/credit-report-fee-paid-here
For a Full Doc. Purchase Loan (All Conventional & Government loans like USDA & FHA):
For a Full Doc. Purchase Loan (All Conventional & Government loans like USDA & FHA):
Signed Purchase Agreement
Last 2 years Tax Returns
2 years W-2 and current paystub
12 months cancelled checks for verification of rent/mortgage
2 months copies of personal bank statements
Asset Statement (401K, Brokerage Accounts, Mutual Funds, Stocks, etc)
Signed loan application or click the apply now - Top right button in menu bar - and complete our secure online application
Mortgage Statement or Coupons/rental agreements
Sign: Borrower's authorization
Driver's License and Social Security Card
HOA Documents
Home Owner Insurance provider info & dec. page
$25 Credit Card payment for each borrower on the loan payable at this link: http://www.bankerbroker.com/credit-report-fee-paid-here
For a Full Doc Refinance (for all conventional & government loans like FHA & USDA):
For a Full Doc Refinance (for all conventional & government loans like FHA & USDA):
For a HARP Refinance:
For a HARP Refinance:
For VA & CalVet Refinance or Purchase (refer to refinance or purchase checklists above and in addition send the following) :
For VA & CalVet Refinance or Purchase (refer to refinance or purchase checklists above and in addition send the following) :
Last 2 years Tax Returns
2 years W-2 and current paystub
2 months copies of personal bank statements
Asset Statement (401K, Brokerage Accounts, Mutual Funds, Stocks, etc)
Signed loan application or click the apply now - Top right button in menu bar - and complete our secure online application
Mortgage Statement or Coupons/rental agreements
Sign: Borrower's authorization
Driver's License and Social Security Card
Copy of Trust if property is in a Trust
HOA Documents
Home Owner Insurance provider info & dec. page
$25 Credit Card payment for each borrower on the loan payable at this link: http://www.bankerbroker.com/credit-report-fee-paid-here
2 months copies of personal bank statements
One page Verification of Employment form signed by employer
Copy of Original Note for Existing loan
Signed loan application or click the apply now - Top right button in menu bar - and complete our secure online application
Sign: Borrower's authorization
Mortgage Statement or Coupons/rental agreements
Borrower's signed Disclosures
Driver's License and Social Security Card
Copy of Trust if property is in a Trust
HOA Documents (if applicable)
Home Owner Insurance provider info & dec. page
$25 Credit Card payment for each borrower on the loan payable at this link: http://www.bankerbroker.com/credit-report-fee-paid-here
If you have questions regarding any of these documents please Contact Massey Kouhssari 949-244-1880
If you have questions regarding any of these documents please Contact Massey Kouhssari 949-244-1880
Checklist
Checklist
Items Required to Purchase or Refinance:
Salaried Employees (copies-no originals):
Credit Authorization Form (sign and return with the itmes below).
Copy of Social Security and Drivers License (Patriot Act)
2 most recent Bank Statements (all pages)
2 most recent W2′s for all borrowers
2 most recent Federal 1040 Tax Returns
Current mortgage statement
Hazard policy dec page (refinance)
1 month of current pay stubs showing year-to-date for all borrowers (1 month or a full 30 day worth is usually 2 pay stubs)
Copy of the purchase and sale agreement (purchase only)
If you are currently renting, either 12 months canceled rent checks or the name and address of your current landlord
Self-Employed Individuals (copies-no originals):
Credit Authorization Form (sign and return with the items below).
Copy of Social Security and Drivers License (Patriot Act)
2 most recent Bank statements for the past two months
2 most recent Federal 1040 Tax Returns
CPA Letter stating self-employment for the last 2 years
Current business license for the last 2 years
Current Mortgage Statement
Property tax statement
Hazard policy dec page (refinance)
Copy of the purchase and sale agreement (purchase only)
If you are currently renting, either 12 months canceled rent checks or the name and address of your current landlord
K-1 for any partnerships or trusts or Subchapter S corporations
1120 Corporate or 1065 Partnership Tax Returns – complete copies for the past 2 years with your signature
Year-to-Date Profit & Loss Statement with your signature and date.
Retired Individuals:
Award letter for Social Security and Pension income stating the dollar amount and how long the income will last.
Rental Income
Copy of the rental agreements for any rental units owned.
Rental Income on full documentation loans can only be used if reflected on your taxes Schedule E’s from Fed. 1040s Contracts (Rental income calculation tip: 2 years average of in comparison to market rate X 75%)
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