Documentation Required from Self-Employed

 

Documentation Required from Self-Employed

 
A Guideline for Those purchasing or Refinancing Real Estate


W2 Employee

  • Two years of consecutive Federal Tax Returns and W2 forms.
  • If you have filed for a extension, we will need a copy of the extension.
  • 30 days of recent pay stubs.
  • Two months of Bank and investment statements. (All pages of each statement)
  • Home owners insurance declaration page.
  • Copy of Drivers license from each borrower.
  • Copy of Mortgage Statement

Self Employed, Corporate Income.

  • Two years of Federal Tax Returns with W2s
  • If borrower or co borrower owns more that 25% of the corporation, then Two years of the corporate tax returns will be required.
  • If you have filed for a extension, we will need a copy of the extension.
  • Two year of business licenses.
  • 30 Days or recent pay stubs.
  • Two months of Bank and investment statements. (All pages of each statement)
  • Home owners insurance declaration page.
  • Copy of Drivers license from each borrower.
  • Copy of Mortgage Statement.


Self Employed, Partnership Income.

  • Two years of consecutive Federal Tax Returns and all K-1’s
  • If borrower or co borrower owns more that 25% of the partnership, then two years of Partnership returns will be required.
  • If you have filed for a extension, we will need a copy of the extension.
  • Two year of business licenses.
  • Year to date Profit and Loss Statement.
  • Two months of Bank and investment statements. (All pages of each statement)
  • Home owners insurance declaration page.
  • Copy of Drivers license from each borrower.
  • Copy of Mortgage Statement.

Sole Proprietor:

  • Two years of consecutive Federal Tax Returns and W2 forms and or 1099’s
  • If you have filed for a extension, we will need a copy of the extension.
  • Two year of business licenses.
  • Year to date Profit and Loss Statement.
  • Two months of Bank and investment statements. (All pages of each statement)
  • Home owners insurance declaration page.
  • Copy of Drivers license from each borrower.
  • Copy of Mortgage Statement.