All Loans

• 1998 and 1997 W-2 statements or K-1's
• Paystubs from present employer covering at least the most recent thirty days.
• For self employed borrowers: 1998 and 1997 tax returns along with a year-to-date profit and loss statement.
• For borrowers who own 25% or more of any corporation, 1998 and 1997 corporate tax returns along with a year-to-date profit and loss statement.
• Most recent bank statements covering three (3) months, all pages.
• Documentation of any assets listed on loan application which do not fall under the heading of "bank statements". Must cover a three month or one fiscal quarter period.
• If a gift is being used for this transaction; original gift letter signed by donor and documentation of donor's funds (i.e. three months bank statements or similar documentation).  Evidence of reciept and deposit of gift funds into a liquid personal account.
• For any rental properties owned; copies of leases and mortgage coupons or payment stubs
• Copies of car titles if vehicles are less than four (4) years old and are debt free.
• Letter with statement of estimated closing date (this is only an estimate)
• If applicable, final signed divorce property settlement agreement or separation agreement
• Copy of drivers license or government issued photo identification for all borrowers

Purchase Loans:

• Copy of sales contract for subject property signed by borrowers and sellers including all addendums
• Copy of cancelled earnest money deposit check (front and back)
• Copy of HUD-1 settlement statement from sale of previous home (if applicable) showing net proceeds from sale or copy of sales contract for sale of current home.

Refinance Loans:

• Mortgage coupon or payment stub and copy of property deed.

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