FAQs: What documents do I need to apply for a mortgage?09/07/2018 Gathering mortgage documents will be easy for type A personalities. But don’t worry if you are not Mr. or Miss Organization, most of the documents you need to apply for a mortgage are easy to obtain or readily available in your filing cabinet. Here’s the run-down of the basic documents that you’ll need to gather: Full Tax Returns from the last two years are needed to verify the income and how consistent this income has been over the years. You need pay-stubs for the last 60 days or 1099 forms at your current employment, or records of payment if you are a freelance employee. If you have supplemental income such as part-time job or seasonal employment you will want records of this income as well. Financial records are needed for all assets such as checking, savings, and investments. Your lender needs to know you have the funds available to make your down payment and know that you can pay for other costs that are associated with closing. Photo ID for everyone listed on the loan will be required. Signed sale contract and proof that you have homeowners insurance are needed to make sure you have an accepted offer and insurance to make sure the bank’s investment is protected. Statement of a gift will be needed if you are receiving a gift in order to pay for closing costs or a down payment. More than likely if someone is generous enough to be gifting you a lump of money they won’t mind writing a letter stating the amount and that it doesn’t need to be repaid. There might be more or less documents needed for your perticluar lending situation, your SIRVA mortgage consultant will help guide you through what documents are needed for your unique loan application. Get help from the experts
FAQs: What documents do I need to apply for a mortgage?09/07/2018 Gathering mortgage documents will be easy for type A personalities. But don’t worry if you are not Mr. or Miss Organization, most of the documents you need to apply for a mortgage are easy to obtain or readily available in your filing cabinet. Here’s the run-down of the basic documents that you’ll need to gather: Full Tax Returns from the last two years are needed to verify the income and how consistent this income has been over the years. You need pay-stubs for the last 60 days or 1099 forms at your current employment, or records of payment if you are a freelance employee. If you have supplemental income such as part-time job or seasonal employment you will want records of this income as well. Financial records are needed for all assets such as checking, savings, and investments. Your lender needs to know you have the funds available to make your down payment and know that you can pay for other costs that are associated with closing. Photo ID for everyone listed on the loan will be required. Signed sale contract and proof that you have homeowners insurance are needed to make sure you have an accepted offer and insurance to make sure the bank’s investment is protected. Statement of a gift will be needed if you are receiving a gift in order to pay for closing costs or a down payment. More than likely if someone is generous enough to be gifting you a lump of money they won’t mind writing a letter stating the amount and that it doesn’t need to be repaid. There might be more or less documents needed for your perticluar lending situation, your SIRVA mortgage consultant will help guide you through what documents are needed for your unique loan application. Get help from the experts