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Document
Checklist |
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following items are traditionally used to support your application;
however, you do not have to send in documentation to begin the process.
The lender you choose after you complet our online form will explain
in detail what documents you need to compile to speed up your loan
process. Nevertheless, we do recommend that you begin compiling
these documents so that you are prepared if, and when, your chosen
lender asks for them.
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- W-2's
for each applicant for the 2 previous years.
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30 days recent consecutive pay stubs. 5 stubs
if paid weekly, 3 stubs if paid every 2 weeks or semi-monthly,
1 stub if paid monthly. If you do not save your pay stubs, begin
saving them now.
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3 most recent statements of account for each
bank account, savings account, money market account, cash management
account, stock or mutual fund brokerage account, IRA, certificates
of deposit, or employee retirement account currently used by each
applicant. (Under Fannie Mae and Freddie Mac guidelines we only
need to verify the amount of cash the applicant will be required
to bring to closing plus 2 months' reserves. If you are applying
for a Fannie Mae or Freddie Mac loan, you will only need to provide
copies of those account statements that prove the necessary funds.)
PLEASE PROVIDE ALL PAGES OF THE STATEMENTS.
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Copy of divorce decree for each applicant that
either pays or receives alimony and/or child support.
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Record from child support office showing payments
received for the prior 12 months. (You must provide this record
only if you rely on the child support received to qualify for
the requested loan).
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Copy of sales contract or purchase agreement
for property being purchased (inapplicable on refinances).
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Copy of declarations page from the homeowner's/hazard
insurance policy for the property (refinances only).
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If you derive a portion of your income from social security benefits,
please provide the most recent Social Security Award Letter
indicating the amount of your current monthly payments from social
security.
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Copies of current lease agreements for each residential
rental property that you own.
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