Forms Needed to Purchase or Refinance a Home

Below are forms needed to purchase or refinance a home. This information can vary depending on lender and program but this is a good start as to what the lender will asking from you inorder to give you the best possible loan.

•1)      1 month current pay stub (Self Employed or Salaried)
•2)      2yrs W-2's (Self Employed of Salaried)
•3)      2 yrs Personal and Business Tax Returns(If not Self Employed then do not need Business returns
•4)      Current Year to Date Profit and Loss Statement (Self Employed Only)
•5)      Letter from Accountant stating length of Employment (Self Employed only)
•6)      2 Months savings and Checking Bank Statements all pages
•7)      Recent Quarter Statement for all Investment or Retirement accounts
•8)      12 months Rent Checks (front and back) or Landlord letter
•9)      Fully Executed Sales contract (Purchase Only)
•10)   Evidence earnest money has cleared account
•11)   Copy of Drivers License and SSI card
•12)   Complete address for the past 2 years
•13)   Complete employment history for the past 2 years
•14)   If you choose to include income from child support or alimony will need copy of the check for the past 3 months, divorce decree, birth certificates for the children or child, and evidence that the income will continue for the next 3 years
•15)   If you are applying for a VA loan then you will need your DD214.

The above list is a good start to the forms needed to purchase or refinance a home and should have you well on your way to getting you the best deal that you qualify for.

Keep in mind these forms needed to purchase or refinance a home may differ between lenders, and each lender may require different variations and degrees of documentation. This is due in part to different internal policies that the lender may have and this will affect the forms needed to purchase or refinance a home. One variation might be if the lender sees large deposits on your bank statement they may ask to verify those large deposits hence affecting the forms needed to purchase or refinance a home. You will have to document and source where those large deposits came from. If you receive a gift as a down payment to purchase your home. That money will need to be sourced and a letter will have to be signed by the donor stating that the money is a gift for the purpose of purchasing your home. Different loan programs may also require differtent forms needed to purchase or refinance a home. These are just a couple of examples of the different forms needed to purchase or refinance a home.

To see what you qualify for visit my website and fill out a complete application.