Very Important Information Regarding Mortgages

Lending guidelines have changed in recent years. The following is a list of standard requirements for obtaining a mortgage. However, once you are pre-approved, please check with your lender as additional information may be required:

• Previous year personal tax returns: all pages, all schedules including W-2’s, 1099R and K-1
• Most current year to date pay stub covering at least 30 days
• Two months bank and brokerage statements on all accounts including retirement (all pages of all accounts)
• If on disability, will need proof that it will continue for at least 3 years
• If self employed, will need two year personal and business tax returns all pages all schedules
• Copy of all mortgage statements on property that you currently own
• Copy of tax bills and insurance on all property that you currently own
• If you own condos, verification of home owner association dues
• Copy of fully executed sales contract
• Copy of cancelled earnest money check (once it has cleared your bank)