Prove Annual/Monthly Income

  • Pay stubs- A minimum of 30 days employed by current employer. If employed by employer 30 days of pay-stubs will be required.
  • Tax Returns – 2 years personal and business tax returns with all pages required. Please include W2’s and/or 1099’s which ever apply.
  • Social security income – Award letter is needed for this.
  • Child support – Last 3 months of bank statements all pages or court order documentation.
  • Military disability – Award letter is required.

*If Self Employed only tax returns and 1099’s may apply only.


Assets

  • Bank Statements (Checking/Savings)- must provide all pages of all accounts.
  • 401k – Must provide most recent 60 days with all pages.
  • Annuities – Must provide most recent 60 days with all pages.
  • CD – Most recent statement with all pages.
  • Mutual funds – Last account statement with all pages.
  • Gift of funds – Proof that donor has the funds to gift.
  • Mutual funds – Last account statement with all pages.

*Must request a transaction history previous to the gift being done then another one after the withdrawal/ Cashiers check to the Borrower or title company. Plus Borrower will have to provide transaction history proving that the money has been Deposited/ wired to there account.


Divorce

  • Decree – All pages will be requested. Looking for child support, debt being omitted or added, spousal support, etc…
  • Child support – court ordered document, maybe even may need a pay history for last 12 months from the attorney generals office.


Judgment

  • Proof of payment is required. Loans will not allow unsettled judgments on Credit reports.
  • Bankruptcy – all pages of the final BK filed. We might need to prove the discharge date. Trustee may need to provide letter that allows you to proceed with the purchase transaction. Not the case on all BK’s this will be determined case by case.
  • Foreclosures and Short sales – Must be 3 years from most recent foreclosure for FHA loans and 4-5 years for Conventional and construction loans. May need to provide proof of Foreclose/ Short sale dates. HUD statement or Foreclose documentation.


Other

  • Copy of ID, resident alien, work authorization and Social Security Card.

Child support – court ordered document, maybe even may need a pay history for last 12 months from the attorney generals office.

*Documentation may vary determined on case by case basis.
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Licensed Texas Mortgage Company # 835196