Here's a list of the documents most commonly needed to accompany a mortgage loan application. It is possible that you may need additional documents depending on your situation and the type of loan you're applying for.

• Purchase Loans

• Refinance Loans

• 2nd Mortgages / Home Equity Loans

• VA Loans

• Additional Documents needed for ALL Types of Loans

Purchase Loans

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• Copies of previous two years W-2 forms
• Copy of the two most recent pay stubs
• Social Security number of all applicants
• The cost of appraisal and credit report
• Legible sales contract signed by Buyers and Sellers
• Name, address, and all income earned from all employers for past 24 months
• Three months most recent statements for checking & savings accounts
• The most recent statement for any Stocks, Bonds, Mutual Funds, IRA's, Thrift Savings Plans (TSP), Retirement Accounts, etc.
• If you are currently renting, provide either 12 months of cancelled rent checks or the name and address of your current landlord
• A newly-issued and paid-in-full homeowner’s insurance policy on the purchase property

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Refinance Loans

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• Copies of previous two years W-2 forms
• Copy of the two most recent pay stubs
• Copy of your 1st mortgage note
• Copy of your 2nd mortgage note (if applicable)
• Copy of the Deed to your property (note: NOT the "Deed of Trust")
• Copy of your Title Insurance Policy
• Copy of you Homeowner's Insurance declaration page(s)
• Social Security number of all applicants
• The cost of appraisal and credit report
• Name, address, and all income earned from all employers for past 24 months
• Three months most recent statements for checking & savings accounts
• The most recent statement for any Stocks, Bonds, Mutual Funds, IRA's, Thrift Savings Plans (TSP), Retirement Accounts, etc.
• If you choose to include income from Child Support/Alimony bring copies of court records of cancelled checks showing receipt of payment

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For 2nd Mortgage / Home Equity Loans

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• Copies of previous two years W-2 forms
• Copy of the two most recent pay stubs
• Copy of your 1st mortgage note
• Copy of the Deed to your property (note: NOT the "Deed of Trust")
• Copy of you Homeowner's Insurance declaration page (s)
• Social Security number of all applicants
• The cost of appraisal and credit report
• Name, address, and all income earned from all employers for past 24 months

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For VA (Veteran's Administration Loans)

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• DD-214, Certificate of Eligibility, or statement from your Commanding Officer if you are on active duty

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Additional Documents Needed for ALL Loan Types

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If you are self-employed or paid by commission

• Previous two years Federal Income Tax Returns with all schedules and a year-to-date profit and loss statement.

If you own other properties

• Address of properties and current market value

• Any debt owed on properties; Lender's name, address, account number, monthly payment, and current balance

• Copy of previous two years Federal Income Tax Returns with all schedules

• If rented, copy of the current lease

If you have filed bankruptcy in the last seven years

• Copy of petition and discharge, handwritten explanation of reason for bankruptcy, evidence of excellent credit since the bankruptcy

If you will be using Child Support/Alimony income to qualify

• Copies of court records of cancelled checks showing receipt of payment

If you will be using income from a Trust Fund to qualify

• Previous two years Federal Income Tax Returns with all schedules and a copy of the complete trust agreement

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Universal Funding, LLC is a licensed mortgage company in the states of Maryland and District of Columbia.
©2007 Universal Funding, LLC. All Rights Reserved.
5620 St. Barnabas Rd., Suite 290, Oxon Hill, MD 20745
Phone 301.505.2515 Fax 301.505.2518 Email info@universalfundingllc.net
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