_____ Tax Transcripts (Just get all available years for your records) - https://www.irs.gov/individuals/get-transcript (You can get them mailed or you can get them online ** Request the account transcripts and the tax transcripts
_____ Bankruptcy Documents You will need the full record- not a partial records - You can order with our office. Full record just $25 ( Emailed within 48 hours if file available )
_____ Divorce Decree You will need full divorce decree paperwork signed by judge
_____Social Security Card https://www.ssa.gov/ - You will need the physical card- they will not just accept the number
_____ ID or Drivers licence You will need the physical card- they will not just accept the number
_____ Paycheck stubs Provide the last 3 months worth of statements prior to submitting application to lender (Make sure to not have any NSF (Non Sufficient Funds) records on the statements
_____Child Support Court OrderCurrent Child Support Order
_____Additional IncomePlease Provide Documentation of any additional income you receive outside of your self employment statements or as a W2 employee
_____ 401K, Stocks and Bonds, Retirement, Investments and Shares documents
_____ Bank Statement (For all accounts you have -Checking and Savings (Provide the last 3 months worth of statements prior to submitting application to lender)
_____ List of current debt payments (Car Note, Credit Cards, etc)Please start a monthly budget of all of your bills
_____ Student Loans Documents (They will need a printout with your fixed monthly amount listed from the official website of the company servicing your loan. ** Note: As of 2017- You can no longer use a income based repayment plan if you apply for a USDA or FHA loan- You will have to be on a fixed amount that does not change year to year. The processing of this can take up to 2 months to have finalized- so start this atleast 2 months before applying for loan
_____ If you owe money to IRS You cannot be in default and you will be required to be on a payment plan with IRS. You can do this online- https://www.irs.gov/pa…/payment-plans-installment-agreements
_____ Explanation LettersHaving a big sale, on-site celebrity, or other event? Be sure to announce it so everybody knows and gets excited about it.
_____ Tax Liens If any tax liens or other derogatory items on your credit report require further explanation, you’ll be required to provide full documentation for each derogatory instance.
_____ W2's from EmploymentPlease Provide W2 forms for all jobs worked in the past two years
_____ Tax Returns All pages of personal federal tax returns for the past two years
_____ Gift Letter If you’re receiving gift funds, your lender will require all donors and receivers to sign a gift letter verifying the gift isn’t a loan. Some lenders want to see the donor’s accounts for verification of the donor’s ability to gift, and some only want to see the funds being received in your account.