Loan Document Checklists

W2 - Hourly and/or Salary Borrower(s)

_____ Two most recent paystubs for borrower(s)

_____ 2017 W2

_____ 2016 W2

_____ Photo I.D.'s (drivers license)

_____ Most recent checking account statement
 

W2 - Commission and/or Bonus  Borrower(s)

_____ Two most recent paystubs for borrower(s)

_____ 2017 W2

_____ 2016 W2

_____ 2017 federal tax returns (all pages)

_____ 2016 federal tax returns (all pages)

_____ Photo I.D.'s (drivers license)

_____ Most recent checking account statement

1099 - Independent Contracted Borrower(s)

_____ Two most recent paystubs for borrower(s)

_____ 2017 1099

_____ 2016 1099

_____ 2017 federal tax returns (all pages)

_____ 2016 federal tax returns (all pages)

_____ Photo I.D.'s (drivers license)

_____ Most recent checking account statement

Retired Borrower(s)

_____ 2017 1099

_____ 2016 1099

_____ Social Security and/or pension award letters*

_____ 2017 federal tax returns (all pages)

_____ 2016 federal tax returns (all pages)

_____ Photo I.D.'s (drivers license)

_____ Most recent checking account statement

* Award letters show monthly awarded income.

Self-Employed (Sole Proprietor) Borrower(s)

_____ 2017 federal tax returns (all pages)

_____ 2016 federal tax returns (all pages)

_____ Photo I.D.'s (drivers license)

_____ Most recent checking account statement

Self-Employed (Partnership, S-Corp, C-Corp) Borrower(s)

_____ Two most recent paystubs for borrower(s)***

_____ 2017 W2

_____ 2016 W2

_____ 2017 federal tax returns (all pages)

_____ 2016 federal tax returns (all pages)

_____ 2017 business tax returns (all pages)

_____ 2016 business tax returns (all pages)

_____ Photo I.D.'s (drivers license)

_____ Most recent checking account statement
*** Partnership, S-Corp, and C-Corp borrowers may still pay themselves a salary, which would trigger the need for these documents.