The Information we need is as follows:

 *Federal tax returns for the last two years. 

(Federal 1040’s only, all pages) Please sign and date page 2 on the signature line.

*Pay stubs covering the most recent 30-days.

*W2’s for the past 2 years.

*Bank or brokerage statements covering the most recent two months (all pages, please)

            If you  have any statements that are quarterly – the most recent quarter will suffice.

*Copy of Current Mortgage Statement:  1^st Mortgage and 2^nd Mortg.

*Copy of Current Property Tax Bill (for all properties owned if applicable)

*Copy of 1^st page of your Home Insurance(for all properties owned if applicable)

*Copy of the Note on the 2^nd Mortgage.

*Credit card  info for payment of the appraisal.

Please email as a .pdf or fax.

Thanks

K Cavanaugh

408-356-2506 phone

408-877-1822 efax

Documents Needed For All Loan Applications

ALL BORROWERS:

1. Copies of W-2's for the last two years;
2. Copies of paycheck stubs for the last 30 days (most current);
3. Copies of checking and saving account statements for last three months (all pages);
4. Copies of quarterly or semi-annual statements for checking, savings, IRA's, CD's, money market fund, stock, 401k, profit sharing, etc.;
5. Copy of sales contract when ratified;
6. Employment history for the last two years (address any gaps of employment);
7. Residency history over the last two years, with name, phone number, address and account number of Land or Mortgage Company. Rental property copies of leases plus mortgage information.
8. Canceled earnest money check when it clears or corresponding bank statement, if applicable;
9. Commissioned or bonused income -- if 25% or more of base, must have tax returns;
10. Check for the expense of appraisal & credit report;
11. Refinance Copy of Note, Deed of Trust, Settlement Statement, Survey, and Insurance information;
12. Any assets used for down payment, closing cost, and cash reserves must be documented by a paper trail;
13. If paid off mortgage in the last 2 years, need copies of HUD1;
14. Copy of drivers license for applicant and co-applicant.

SELF-EMPLOYED BORROWERS:

1. Copies of most recent 2 years tax returns (with all schedules including k-I's if applicable);
2. Copy of current profit & loss statement and balance sheet;
3. Copy of corporate/partnership tax returns for most recent 2 year period if owning 25% or more of company -- copies of W-2's and/or 1099 forms.

DOCUMENTS WHICH MAY BE REQUIRED:

1. Relocation Agreement if move is financed by employer, i.e. buyout agreement plus documentation outlining company paid closing costs benefits;
2. Previous bankruptcy, need copies of petition for bankruptcy and discharge, including supporting schedules;
3. Divorce Decree if applicable;
4. Documentation supporting moneys 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:

1. FHA: Copy of social security card and drivers license for each applicant and co-applicants;
2. VA: Original Certificate of Eligibility and copy of DD214 Discharge Paper;
3. VA: Name and address of nearest living relative

 Documents Needed for a Commercial Real Estate Loan

1. Loan Application
2. Personal Financial Statement for each owner (all persons with 25% or more ownership). 
3. Last two years Personal and business tax returns with all schedules
4. Business Financial Statements – Income & Expense (or Schedule E) and balance sheet for last two years and year to date (within 90 days).
5. Current Rent Roll (current within 30 days)
6. Copy of leases
7. Proof of property insurance
8. Purchase agreement or letter explaining use of funds.
9. Verification of down payment/bank statements (if applicable)

If borrower is an ENTITY rather than an individual, please also submit items below:

Corporation:  Articles of Incorporation, Statement of Information (who officers are)

LLC:  Operating Agreement, LLC Articles of Organization

Partnership:  Partnership Agreement

Be sure to include all pages and all schedules of the Federal 1040's.

Be sure to include all pages of the bank statements (pages 1-25)

It is ok to fax one side, turn over and fax the next side.