Mortgage Approval Documents Needed AWS
To deliver a smooth mortgage process to all our clients and business partners, we ask you to please email us ALL the applicable documents below as soon as possible. If you prefer, you can also fax to us at 651-846-6510. Once received, we can move through the pre-approval, processing and underwriting stages toward your final approval! Thank you for the opportunity to help you with your mortgage!
~ ~ ~ Mortgage Approval Documents Needed ~ ~ ~ Items needed (most recent on all items) 1
30 days of most recent pay stubs - all jobs, all borrowers, including year-to-date information
2
2 years W2’s & 1099’s - all jobs, all borrowers
3 4 5 6 7 8 10 11
12 13 14 15
Requested
Received
Note
Needed for ALL Pre-approvals, Refinances and Purchase transactions
2 years Federal tax returns - all pages, personal & business (if more than 25% ownership) 2 most recent months bank statements - all numbered pages. Must contain full account numbers and your name. Investment account statements - (401k, IRA, etc.) all numbered pages for the most recent quarter Driver’s license - all borrowers Job History – List all jobs, job titles, salary information, phone number, address, start and end dates for last two years Address History – List all addresses in which you have rented, owned or associated with for the last two years. Explain each. Divorce/Child support - all pages, fully executed divorce decree and/or child support orders Current Mortgage Information – Note, Closing Disclosure or HUD from previous closing, most recent mortgage statement
Only if Applicable For Refinancing
Purchase agreement - all pages and addendums Cancelled earnest money check - front and back of check after it has cleared & copy of bank printout showing the withdrawal Homebuyer Education (Homestretch or Framework) http://www.hocmn.org Gift letter – full 30 day bank statement from donor, copy of certified check & donor bank printout showing proof of funds
16
Letter of explanation - bank deposits of $500+ (include supporting documents), reasons for cash out, late payments or extended unpaid time off of work, etc.
17
Homeowner’s insurance - Your agent’s contact information
18
Appraisal fee - $400-$600 via credit card on application
19
Current mortgage statement(s) - For all properties & mortgages, with proof of monthly taxes & insurance
20
Bankruptcy - all pages, settlements & discharge
21
VA loan - DD 214, certificate of eligibility, VA benefits letter (if applicable) http://benefits.va.gov/homeloans/purchaseco_certificate.asp.
If applicable
Needed for Purchase transactions
If applicable
Needed eventually and if applicable
~ ~ ~ Mortgage Approval Documents Needed ~ ~ ~ Items needed (most recent on all items) 1
30 days of most recent pay stubs - all jobs, all borrowers, including year-to-date information
2
2 years W2’s & 1099’s - all jobs, all borrowers
3 4 5 6 7 8 10 11
12 13 14 15
Requested
Received
Note
Needed for ALL Pre-approvals, Refinances and Purchase transactions
2 years Federal tax returns - all pages, personal & business (if more than 25% ownership) 2 most recent months bank statements - all numbered pages. Must contain full account numbers and your name. Investment account statements - (401k, IRA, etc.) all numbered pages for the most recent quarter Driver’s license - all borrowers Job History – List all jobs, job titles, salary information, phone number, address, start and end dates for last two years Address History – List all addresses in which you have rented, owned or associated with for the last two years. Explain each. Divorce/Child support - all pages, fully executed divorce decree and/or child support orders Current Mortgage Information – Note, Closing Disclosure or HUD from previous closing, most recent mortgage statement
Only if Applicable For Refinancing
Purchase agreement - all pages and addendums Cancelled earnest money check - front and back of check after it has cleared & copy of bank printout showing the withdrawal Homebuyer Education (Homestretch or Framework) http://www.hocmn.org Gift letter – full 30 day bank statement from donor, copy of certified check & donor bank printout showing proof of funds
16
Letter of explanation - bank deposits of $500+ (include supporting documents), reasons for cash out, late payments or extended unpaid time off of work, etc.
17
Homeowner’s insurance - Your agent’s contact information
18
Appraisal fee - $400-$600 via credit card on application
19
Current mortgage statement(s) - For all properties & mortgages, with proof of monthly taxes & insurance
20
Bankruptcy - all pages, settlements & discharge
21
VA loan - DD 214, certificate of eligibility, VA benefits letter (if applicable) http://benefits.va.gov/homeloans/purchaseco_certificate.asp.
If applicable
Needed for Purchase transactions
If applicable
Needed eventually and if applicable
