Personal Information
Your personal information is important to verify identification and living
arrangements. Your personal credit history will be analyzed as well using
your Social Security number.
Current Address: You will need to provide your residence
address for the last two years.
Driver's License: Should be a current driver's license or an official
state identification.
Social Security Number: Have your Social Security card available
for authentication.
Green Card or Work Permit: If you are living and working in the
United States but are a citizen of another
country, it is important to show verification of legal work status.
Certificate of Eligibility and DD-214: (for Veterans only)
Employment Information
Your employment history and income is an important factor in determining
whether you can afford a mortgage and have steady employment to continue
to pay a monthly mortgage.
Current Pay Stubs: You should provide copies of
the last two months of your employment pay stubs from
all employers, verifying your current monthly income.
Tax Returns and W-2's: Your past two years of tax returns, along
with your employer W-2 forms, should be
submitted.
Name/Location of Employer(s): Gather information from your employers
for the past two years.
Self-Employed: Self-employed individuals will need to provide at
least three years of prior tax returns, as
well as balance sheets and income/loss statements for the same time period.
Divorce and Spousal Support: Individuals who are divorced and are
receiving spousal support may include
this information as part of their income.
Savings Information
Not only is your monthly income used to consider your financial mortgage
obligation, but your savings and investments are an important asset to analyze
what you are eligible for to pay as a down payment on your new home. These
also demonstrate your financial reserves that will keep you from defaulting
on your mortgage should you encounter employment difficulty, such as a layoff.
Bank Account Info: You should provide copies of
statements for the past three months of all bank
accounts, including checking, savings, money market, certificates of deposit,
etc.
Investment Accounts: Recent statements of any investment accounts,
including 401(k), mutual funds,
stock market accounts, etc.
Other Real Estate: Complete information should be provided on any
other real estate assets that you own.
