Residential Loans

TAX RETURN DOCUMENTS

• 1003

• Credit Report- 3 trade lines paid on time 12 months old (Recent) and/or Alternative Credit Sources (4 sources with no VOR) 680 or below
• Federal Tax Returns and W2’s for the past two years. NOTE: If you did not file, or need duplicates, contact the IRS at (800)829-1040. http://www.irs.gov/Individuals/Get-Transcript **NYS returns NOT REQUIRED**
• Paystubs for the last 30 days
• Last 2 Months of Bank Statements for all accounts. *MUST HAVE your name, bank name, and account number on the statements*

SUPPLEMENTAL DOCUMENTS

• Child Support: Court order or copies of checks (if applicable)
• Letters of Explanation
• Separation Agreement or Divorce Decree (if applicable)
• Any other documentation needed for approval

PROPERTY/BANK DOCUMENTS

• Verification of Rent and Verification of Employment
• Purchase Offer and all addendums
• Appraisal and Flood Certification (doesn’t need to be sent in with items on checklist
• Homebuyer Education Certificate
• Client email address
• Bank Attorney contact information
• Bank commitment letter (doesn’t need to be sent with items on checklist)

TAX RETURN DOCUMENTS

• Federal Tax Returns and W2’s for the past two years. NOTE: If you did not file, or need duplicates, contact the IRS at (800)829-1040. http://www.irs.gov/Individuals/Get-Transcript **NYS returns NOT REQUIRED**

• Year-to-Date Profit and Loss statement (Self-Employed Only)
• Paystubs for the last 30 days
• Last 2 Months of bank statements for all accounts. *MUST HAVE your name, bank name, and account number on the statements*

IDs AND REPORTS

• Copy of Driver's License or State ID
• Credit report fee: Please submit $12.82 for 1 person and $25.76 for 2 people. (Check or Money Order ONLY)
• Application Fee $150 SUPPLEMENTAL DOCUMENTS

• SSI / SSD Award Letter: from 2020 for you or anyone in the household (if applicable)
• Bankruptcy Paperwork: Complete copy including discharge (if applicable)
• Divorce Decree/Separation Agreement (if applicable)
• Child Support: Court order or copies of checks (if applicable)

PROPERTY/BUSINESS DOCUMENTS

• Copy of current mortgage statement and current deed (Rehab loans only)
• Current Property Tax Bills and Homeowners Insurance Policy (Rehab loans only)
• 3 estimates for rehab work