In general, the documentation you will need includes:
Property Information (if you already have a contract on a house)
Purchase Agreement.
Copy of legal description and MLS sheet.
If you are selling your current home, copy of listing contract.
If you have sold your current home, copy of settlement statement (HUD-1).
Income & Assets
Pay stubs for the last 30 days.
For the past two years:
Names and addresses of each employer.
W-2s
Statements for each bank, mutual fund, and/or investment account for the last two months. All pages must be included including any reconciliation pages.
Estimated value of personal property and furniture.
If you have made any deposits to your accounts outside of payroll, social security or pension:
Explanation and source for deposit.
If 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 to include K1's.
If self-employed or file 2106 job expenses:
Tax returns for the last two years (with schedules).
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, account numbers, balances and monthly payments on all current loans.
Explanation of credit report anomalies, including:
Late payments, credit inquiries in the last 120 days, charge-offs, collections, judgments and/or liens.
Bankruptcy filed within last seven years (bring a copy of your bankruptcy papers including discharge papers).
VA Loans
Copy of DD Form 214, Report of Separation.
Miscellaneous
Photo ID and proof of Social Security number.
Residence addresses for the past two years.
If applicable, a copy of your divorce decree.
If you are not a citizen, a copy of the front and back of your green card.
Sharp Mortgages, Inc. is a proud member of the Florida Association of Mortgage Brokers and the National Association of Mortgage Brokers.
Sharp Mortgages, Inc. is a licensed Florida Correspondent Mortgage Lender CL0701595, NLMS #155163
Sharp Mortgages, Inc. 8785 Perimeter Park Boulevard Jacksonville, Florida 32216