In general, the documentation you will need includes copies of:
Property Information (if you already have a contract on a house)
Agreement to Purchase / Sales Contract - fully executed.
MLS Property Sheet (with full details, including listing history).
Listing Contract - If selling your current home.
HUD-1 Final Settlement Statement - If you've sold your home
Income & Assets
Pay Statements - covering the last 30 days.
For the past two (2) years:
Name, address & term of employment - each employer.
W-2s and/or 1099 Statements
Asset Statements for each account (i.e., bank, mutual fund, and/or investment account) - for the most recent 3 months.
Estimated value of any personal property and furniture.
If you have made any large deposits to your accounts:
Explanation letter and source for each deposit.
If large 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.
If self-employed:
Federal Tax returns for the last 2 years (with schedules).
Profit and Loss Statement (Year-to-Date) prepared by your accounting professional.
If you own rental/investment property:
Federal Tax returns for the last two (2) 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, addresses, account numbers, balances and monthly payments on all loans and/or debts.
Explanation of credit report anomalies, including:
Late payments, credit inquiries in the last 90 days, charge-offs, collections, judgments and/or liens.
Bankruptcy - if filed within last seven (7)years. Provide a copy of your bankruptcy 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.
Lori Bitterman & Associates Your Single Source for Real Estate in So. Orange County (DRE #01262098) Mail to: 27101 Puerta Real, #150 Orange County, CA 92691
