Documents Needed For Loan Applications
  • Last two years federal tax returns (1040)

  •  W-2’s for the last two years;

  • Last most recent 30 days of paycheck statements (keep them coming)

  • All pages of the last most recent 2 months of bank statements

  • Quarterly or semi-annual statements for savings, IRA’s, CD’s, money market fund, stock, 401k, profit sharing, and any other pension or retirement account

  • Executed purchase or sales agreement

  • Explanations for any gaps in employment for the last two years.

  • Rental property copies of leases plus mortgage information and most recent mortgage statement for owned real estate.

  • Commissioned or bonused income -- if 25% or more of base, must have tax returns;

  • Refinance Copy of Note, Deed of Trust, Settlement Statement, Survey, and Insurance information;

  • Any assets used for down payment, closing cost, and cash reserves must be documented by a paper trail;

  • If paid off a mortgage in the last 2 years, need copies of HUD1;

  • Clear copy of rivers license for applicant and co-applicant.

  • Copy of social security card for each applicant and co-applicant

 

 

SELF-EMPLOYED BORROWERS:

  • Copies of most recent 2 years tax returns (with all schedules including k-I's if applicable);

  • Copy of current profit & loss statement and balance sheet;

  • Copy of corporate/partnership tax returns for most recent 2 year period if owning 25% or more of the company -- copies of W-2’s and/or 1099 forms.

 

DOCUMENTS WHICH MAY BE REQUIRED:

  • Relocation Agreement if a move is financed by an employer, i.e. buyout agreement plus documentation outlining company paid closing costs benefits;

  • Previous bankruptcy, need copies of the petition for bankruptcy and discharge, including supporting schedules;

  • Divorce Decree if applicable;

  • Documentation supporting sums of money received from social security/retirement trust income, i.e. copies of direct deposit bank statements, awards letter, evidence income will continue.

 

DOCUMENTS NEEDED FOR FHA/VA LOANS:

  • FHA: Copy of social security card and drivers license for each applicant and co-applicants;

  • VA: Original Certificate of Eligibility and copy of DD214 Discharge Paper;

  • VA: Name and address of the nearest living relative

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Skyh Inc. - A true Full-Service Brokerage   

NMLS 1615282   BRE: 00827316

10129 E. Rosecrans Ave. 

Bellflower, CA. 90706

855-TeamSky  

855-832-6759