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- Full tax returns from the past two years. You can request copies by filling out the form “Request for Copy or Transcript of Tax Form” from the IRS.
- Two most recent pay stubs from your employer. If you haven’t saved them, you can request them from the human resources department of your employer.
- Financial statements from the previous two months. These can be requested from your bank or if you have access to online banking you may be able to print them yourself.
- Photo ID for each person listed on the loan.
- Signed sale contract. Not necessary for pre-approval, just needed when an accepted offer is made on a property.
- Proof of homeowner’s insurance.
- Written proof of your position and salary. This should be on company letterhead and dated. The lender may contact your employer during the underwriting process to ensure that you still work there and haven’t lost your job since applying for the loan.
- Cancelled rent or utility checks. This can be requested for first time buyers to indicate a history of timely payments.
- Gift letters. If you are receiving money from family or friends in order to cover the closing costs or down payment, a letter needs to be written from the donor stating the gift amount and that the money doesn’t need to be paid back.
- 1099 forms. If you are self-employed, you will need to provide copies of the 1099 forms from your clients.