REQUIRED ITEMS FOR W-2 BORROWERS

2 Most recent check stubs
Last 2 years W-2’s
Last 2 years tax returns
3 months banks statements.
Borrower depending on the lender should have 3 months’ equivalent of the required mortgage payment satisfactory to the underwriter’s standards (P.I.T.I. Principle Interest Tax and Insurance), seasoned in reserves for 90 days.
The required down payment in a bank account for 2 to 3 months.
3 lines of credit proven on credit report for 2 years.
2 years on the job. There can be an exception for time on the job if you’ve just graduated from college.
A Trimerge Credit report at the request of the Mortgage Loan Originator.

2 Most recent check stubs.
Last 2 years W-2’s
Last 2 years tax returns
6 months banks statements.
Borrower depending on the lender should have 6 months equivalent of the required mortgage payment satisfactory to the underwriter’s standards (P.I.T.I. Principle Interest Tax and Insurance), seasoned in reserves for 180 days.
The required down payment seasoned in a bank account for 3 to 6 months.
3 lines of credit, proven on credit report for 2 years.
2 years on the job. There can be an exception for time on the job if you’ve just graduated from college.
A Trimerge Credit report at the request of the Mortgage Loan Originator.

OWNER OCCUPIED

2 Most recent check stubs
Last 2 years W-2’s
Last 2 years tax returns
3 months banks statements.
Borrower depending on the lender should have 3 months’ equivalent of the required mortgage payment satisfactory to the underwriter’s standards (P.I.T.I. Principle Interest Tax and Insurance), seasoned in reserves for 90 days.
The required down payment in a bank account for 2 to 3 months.
3 lines of credit proven on credit report for 2 years.
2 years on the job. There can be an exception for time on the job if you’ve just graduated from college.
A Trimerge Credit report at the request of the Mortgage Loan Originator.

NON-OWNER OCCUPIED

2 Most recent check stubs.
Last 2 years W-2’s
Last 2 years tax returns
6 months banks statements.
Borrower depending on the lender should have 6 months equivalent of the required mortgage payment satisfactory to the underwriter’s standards (P.I.T.I. Principle Interest Tax and Insurance), seasoned in reserves for 180 days.
The required down payment seasoned in a bank account for 3 to 6 months.
3 lines of credit, proven on credit report for 2 years.
2 years on the job. There can be an exception for time on the job if you’ve just graduated from college.
A Trimerge Credit report at the request of the Mortgage Loan Originator.

Any person applying for a mortgage loan must have a Physical Drivers License or a Government Issued Identification and a Physical Social Security.

DISCLAIMER: Each lending scenario (Loan product) may differ. For a definitive needs list, please inquire for specifics.