There may be other documentation that we will be required to close your loan. Some common additional documents are below - please discuss with your mortgage consultant to determine if these requirements apply to you and your loan scenario.
- Residential Documentation:
- Residential history covering a complete 2 year time period. Depending on whether you owned or rented your previous residence(s) you may be required to provide the following:
- (Rent) Landlord name and telephone number.
- (Rent) Cancelled checks documenting rent payment (check with mortgage consultant on how far back you will need to verify).
- (Own) Current mortgage coupon/statement if property still retained.
- (Own) Settlement Statement or HUD1 if property sold or recently refinanced.
- Transaction Specific Documentation:
- Purchase:
- Copy of purchase contract.
- Cancelled check verifying receipt of earnest money by escrow.
- Gift letter (if gift of equity applicabe).
- Refinance:
- Mortgage Coupon/Statement from current lender or name and loan number.
- Recent statements for any non-mortgage debt that will be paid off in the closing of the loan.
- Personal & Credit Documentation:
- Copy of photo IDs and social security cards for all applicants. - or - Copy of Permanent Resident Alien Card.
- If applicable:
- Bankruptcy Papers
- Divorce Decree
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