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	Mortgage Basics Mortgage Documentation Requirements Loan Programs: 1031 Exchange Financing 125% Loan 1% Loans Auto Loan Adjustable Rate Mortgage (ARM) Assumption Mortgage Bad Credit Loan Bi-Weekly Loan Blanket Loan Boat Loan Business Loan College Loan Condominium Mortgage Conforming Loan Commercial Loan Cash out Loan Debt Consolidation FHA Loan Hard Money Loan Home Equity Loan Home Improvement Loan Interest Only Loan Investment Property Loan Jumbo Loan Land Loan Land Contracts Lease/Option Financing Mobile Home Loan Manufactured Home Loan No Documentation Loans No Cost Refinance Negative Amortization Loan Participation Loan Personal Loan Payday Loan Purchase Loan Refinance Loan Reverse Mortgage Streamline Refinancing Seller Carryback Stated Income Loan Subject To Finance Self Employed Loan Timeshare Loan TownHouse Mortgage VA Loan Wraparound Mortgage 2nd Mortgage 80-10-10 Loan 80-15-5 Loan 80-20 Loan When you are planning for a mortgage application, one of the most important steps you can take before you apply is to gather the documentation you may need to supply with your application. Which loan you select will determine the exact documentation requirements. We have categorized the requirements for your convenience. Income Documentation Last 2 years W2 forms. Last 2 pay stubs (covering 1 month). Last two years signed 1040s, all schedules if 25% or more of your income is from self employment, overtime, commissions, or employment by a relative. Last 2 years business tax returns if you own 25% or more of a business. Current business income statement. Proof of Social Security, pension, or disability income. Asset Information Last 2 months bank statements - all pages. Last quarter investment or trust accounts Copies of stocks, bonds, or US savings bonds Current statement for 401(k) or IRA accounts Real Estate you now own: address, current value, loan balance, monthly payment, and rental income if any. Listing agreement and sales contract if selling your current home. Value of autos, boats and any other personal property. Liability Information Complete list of current debts and minimum monthly payments (may be taken from credit report). Last 12 months cancelled checks (front and back) for rent or land contract. Home Information Copy of your sales agreement. Miscellaneous Information which may be required Copy of Drivers License or picture ID at closing. Gift letter signed by donor and proof of receipt. Landlords contact information. Copy of your earnest money deposit check. Contact name and phone for appraisers access to property. Your Realtor's contact information.