Typical Documents Needed for Mortgage

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• Pay Stubs: Typically, the last two to three months of pay stubs are required.
• W-2 Forms: These show your income and taxes paid for the previous two years.
• Tax Returns: Complete federal income tax returns, often for the past two years, including all schedules.

 Employment Verification Letter: A letter from your employer confirming your job position, salary, and length of employment. 

 Recent Bank Statements: Typically, the last two to three months of statements for all accounts, including checking, savings, and investment accounts. 

• Investment and Retirement Account Statements: Statements for any stocks, bonds, mutual funds, or retirement accounts.
• Gift Letters: If you receive a gift for your down payment, you may need a gift letter and documentation from the gift giver.

• Credit Reports: Lenders will obtain credit reports from the three major credit bureaus to assess your credit history.
• Explanation of Negative Items: If there are any negative items on your credit report, be prepared to explain them.

• Government-Issued ID: Such as a driver's license or passport.
• Proof of Residence: Utility bills, rental agreements, or mortgage statements to verify your current address.

• Copy of the signed purchase agreement.

•  For refinancing, you'll need property documents, such as the current mortgage statement and homeowner's insurance policy. 

• For rental properties, you may need rental agreements and proof of rental income. 

•  Profit and Loss Statements: If you're self-employed, you may need to provide profit and loss statements and business tax returns. 

• Alimony or Child Support Documentation: If applicable, documents verifying payments or receipts.
• Bankruptcy or Divorce Records: If you've experienced these events in the past, you may need relevant records.