Documents needed for all loan applications


ALL BORROWERS:

  • Copies of W-2’s for the last two years;
  • Copies of paycheck stubs for the last 30 days (most current);
  • Copies of checking and saving account statements for last three months (all pages);
  • Copies of quarterly or semi-annual statements for checking, savings, IRA’s, CD’s, money market fund, stock,
  • 401k, profit sharing, etc.;
  • Copy of sales contract when ratified;
  • Employment history for the last two years (address any gaps of employment);
  • Residency history over the last two years, with name, phone number, address and account number of Land or
  • Mortgage Company. Rental property copies of leases plus mortgage information.
  • Canceled earnest money check when it clears or corresponding bank statement, if applicable;
  • Commissioned or bonused income — if 25% or more of base, must have tax returns;
  • Check for the expense of appraisal & credit report;
  • Refinance Copy of Note, Deed of Trust, Settlement Statement, Survey, and Insurance information;
  • Any assets used for down payment, closing cost, and cash reserves must be documented by a paper trail;
  • If paid off mortgage in the last 2 years, need copies of HUD1;
  • Copy of drivers license for applicant and co-applicant.

SELF-EMPLOYED BORROWERS:

  • Copies of most recent 2 years tax returns (with all schedules including k-I’s if applicable);
  • Copy of current profit & loss statement and balance sheet;
  • Copy of corporate/partnership tax returns for most recent 2 year period if owning 25% or more of company — copies of W-2’s and/or 1099 forms.

DOCUMENTS WHICH MAY BE REQUIRED:

  • Relocation Agreement if move is financed by employer, i.e. buyout agreement plus documentation outlining company paid closing costs benefits;
  • Previous bankruptcy, need copies of petition for bankruptcy and discharge, including supporting schedules;
  • Divorce Decree if applicable;
  • Documentation supporting moneys received from social security/retirement trust income, i.e. copies of direct deposit bank statements, awards letter, evidence income will continue.

DOCUMENTS NEEDED FOR FHA/VA LOANS:

  • FHA: Copy of social security card and drivers license for each applicant and co-applicants;
  • VA: Original Certificate of Eligibility and copy of DD214 Discharge Paper;
  • VA: Name and address of nearest living relative

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Bank of England Mortgage is a division of Bank of England and is not affiliated with any government agency. NMLS 418481. Member FDIC.

Equal Housing Lender