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Loan Documentation Requirements
When you apply for a mortgage loan to buy an existing home, build a new home, or refinance, Rob Hickerson will ask you to provide copies of certain financial records and other supporting documents. Making these records available at loan application helps ensure that your application receives prompt attention and that your financing commitment will be provided quickly.
List of Required Documents:
- Pay vouchers/stubs from employer - most recent 30-day period;
- List all employers or school attended - last 2-years;
- W-2's, personal tax returns with all schedules - most recent 2-years;
- If self-employed, business tax returns and ytd-p&l;
- Verify other income...Pensions, leases, SS, child support, etc.
- Checking, savings, investment account statements - most recent 3-months;
- 401-k, IRA, securities, etc. - most recent statement;
- Itemize amount and sources of money for downpayment and closing costs;
- If relocating - copy of corporate relo agreement;
- Itemize all open credit with account #, monthly payment and balance;
- Contract to purchase or build;
- For refinances, provide copies of deed, title insurance, survey and homeowners insurance;
- If applicable, complete divorce or bankruptcy papers;
- Application fees for appraisal and credit reports.
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Rob Hickerson of LouisvilleMortgage.com & Mortgage Professionals, Inc.
(502) 553-3212 or (877) 993-2328
NOTE: Rates and APR quotes are based on a 20% down payment for conventional mortgages and minimum down payment for FHA/VA. These are sample rates, APR and closing costs that have been recently available. Your individual rate will depend on the loan program chosen, down payment and your credit history. Rates and pricing are subject to change and may not be available to you at closing.
Disclaimer: These numbers and calculations are for informational purposes only, and are not subject to Reg. Z disclosure requirements. Every real estate transaction is unique, and the costs and estimates provided may vary significantly from the actual final transaction numbers. For example, the property tax/insurance numbers are "average" estimates. The location of the property determines the actual amount of tax/insurance. Additionally, lenders may require PMI or other documents, such as surveys that may result in higher costs. When you file a signed application Rob Hickerson with LouisvilleMortgage.com & Mortgage Professionals, Inc. will provide you with a written estimate of the payment and costs as required by RESPA.
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