home
about us
loan programs
training
contact us
 
   
Step 1: Organizing Your Documents  
   
For a purchase loan, you will need:
 
Income:
1.
Most recent 2 years of W-2s and tax returns (all pages) if you are salaried;
-
2.
If you are self-employed, 2 years of tax returns (all pages), a year-to-date profit and loss statement and a letter from a licensed CPA indicating he/she has prepared your business taxes for at least 2 years;
-
Rental History(if applicable):
1.
12 months cancelled rent checks showing no late payments;
-
2.
Copy of the rental agreement;
-
Assets to close and ability to pay the mortgage:
1.
2 months bank statements (all pages for all accounts);
-
2.
Most recent quarterly investment statement(s)
(all pages for all accounts);
-
Other Documents(if applicable):
Copy of divorce decree and separation/custody agreement
 
 
For a refinance loan; you will need:
 
Income:
1.
Most recent 2 years of W-2s and tax returns (all pages) if you are salaried;
-
2.
If you are self-employed, 2 years of tax returns (all pages), a year-to-date profit and loss statement and a letter from a licensed CPA indicating he/she has prepared your business taxes for at least 2 years;
-
Assets to close and ability to pay the mortgage:
1.
2 months bank statements (all pages for all accounts);
-
2.
Most recent quarterly investment statement(s)
(all pages for all accounts);
-
3.
Copy of divorce decree and separation/custody agreement(if applicable);
-
Other Documentation(if applicable):
Copy of divorce decree and separation/custody agreement
-
If you are requesting cash-out for the refinance, please provide a signed and dated letter of what you plan to do with the money received from the refinance loan.
 
 
 
© Copyright 2006 AllGood Mortgage Corporation