In general, the documentation you will need includes:
Name(s), Address, SS#, Date of Birth, and Home Phone Number
Property Information (if you already have a contract on a house)
Purchase Agreement.
If you are selling your current home, copy of listing contract.
If you have sold your current home, copy of settlement statement (HUD-1).
If REFINANCING current home, copy of your last Mortgage Statement and original settlement statement (HUD-1) if available.
Income & Assets
Pay stubs for the last 30 days.
For the past two years:
Names, addresses, and contact information to Human Resources or Accounting Department of each employer.
Signed Tax Returns, W-2s (and 1099s if applicable) for past two years.
Statements for each bank, mutual fund, and/or investment account for the last two months. All banks, all accounts, all pages.
If you have made any large deposits to your accounts:
Explanation and source for deposit.
If you own more than 25% of a business:
Corporate or partnership tax returns.
If self-employed:
Tax returns for the last two years signed and with all schedules.
Letter from CPA stating that you have been self employed for "x" years and that any and all funds in personal and business accounts may be used for the transaction and will not have any adverse effect on personal or business financial status.
If you own rental property:
Tax returns for the last two years and current rental agreements.
If you are retired:
Pension and/or Retirement Award Letter and last 2 received checks.
If you receive Social Security:
Social Security Award Letter and last 2 received checks.
If you are counting child support and/or alimony as income:
Copy of divorce settlement.
Copy of twelve months of cancelled child support checks.
VA Loans
Copy of DD Form 214, Report of Separation and Certificate of Eligibility
Miscellaneous
Drivers License and Social Security Card
Residence addresses for the past two years. (if Rental, contact information for landlord)
Signed Acadian Mortgage, Inc. documentation (we will supply to you for electronic or physical signatures)
We are proud to be an Equal Housing Opportunity Mortgage Brokerage.