Income Verification:

Pay stubs for the last 30 days

W-2 forms for the last two years

Tax return for the last two years

Child support/alimony — friend of the court printout or 12 months’ of cancelled checks*

Awards letter for Social Security and 1099 for disability income

When income is derived from rental property, commission, interest, or other sources of income besides salary, tax returns may be required

Sources of Funds/Down Payment:

Bank statements for the last three months, including savings, checking, and investment accounts

Stock and securities account statements for the last three months

HUD settlement statement if using funds from the sale of property

Sale of asset — proof of ownership, proof of sale, and proof of funds transfer

For gift funds — a gift letter, evidence of transfer, and sometimes evidence of withdrawal

If You Are Self-Employed:

Signed completed tax returns for the past two years, including personal, partnership, and corporate if applicable; please include all schedules

Business profit-and-loss statement year-to-date for the current year if more than three months have passed since the end of the tax year

Current balance sheet

Copies of the last two years of business license

Payment history:

Cancelled rent or mortgage payment checks for past 12 months, if not

Available on credit report

Copy of land contract, if applicable

Child support/alimony

Bankruptcy/Consumer Credit counseling proof, if received

Additional information, if applicable:

Purchase agreement, including legal property descriptions and any addendum

Divorce decree

Explanation of discrepancies in credit

Alimony, child support or separate maintenance income need not be included if it’s not to be considered as income available to repay the loan. Child support or alimony income may be used if you received it for the past 12 months and it will continue for at least three years into the loan period.