Home > Income Documentation
Documents Needed to Qualify
for a New Home Loan
PURCHASE
1. 1 year of income documentation (W2 or Tax Returns) or 6-12 months of bank statements.**
2. 2 most current pay stubs.**
3. 2 most current statements from your bank, 401k or any other account in which you have money saved.**
4. Copy of purchase contract if available.
California Home Loan Tip:The easy lending days of pre-2007 are long gone and it is important to understand that lenders are much more strict today then they were in years past. With over 500 billion dollars in losses, lenders are double and triple checking every loan. Having patients will make the loan process go much easier.
REFINANCE
1. 1 year of income documentation (W2 or Tax Returns) or 6-12 months of bank statements.
2. 2 most current pay stubs.**
3. 2 most current statements from your bank, 401k or any other account in which you have money saved.**
4. Copy of your homeowners insurance statement.
5. Copy of your mortgage statement.
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