W2 Hourly/Salaried Borrowers
Below are the documents you will need if you are a W2 Hourly/Self Employed borrower. Please refer to Betty if you have any questions or contact me directly.
Income
One month worth of pay stubs showing year-to-date earnings.
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If you receive commission, bonuses, or variable income, please provide the last paystubs from each of the previous two years.
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Complete Personal tax returns for the past two years, including all schedules and statements.
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Provide all corresponding W-2s, 1099s, and/or K-1s.
Bank Statements
The most recent two complete bank statements covering the last 60 days (must include full name, full account numbers, and all pages, even if blank).
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Most recent 2 Complete Statements covering the last 60 days for all 401K, Brokerage Account, or any other asset accounts. (must include full name, full account numbers, and all pages even if blank).
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Bank statement(s) showing the clearance of any checks issued to the builder or title company for the earnest deposit.
Identification
A clear copy of your driver’s license or passport (please lighten and enlarge for readability). A phone picture is acceptable if all details are visible.
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If applicable, a copy of your Permanent Resident Card or unexpired work visa.
Property & Mortgage Information
Most recent mortgage statements, homeowners’ insurance declarations page, and HOA statement for all properties owned.
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Homeowner’s insurance company contact details or a quote for the new property.
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If you are currently selling or have sold your primary residence and will be using the funds for closing, please provide the Final Certified HUD-1 settlement statement.