Standard List of Required Documentation for Conventional Loans

Below is the standard list of loan documentation that will be required for the initial loan approval of a home refinance loan. If you'd like to explore the option of refinancing your home or investment property, please start gathering these required items.

The following documents may be requested to obtain a new mortgage loan:

• Past two (2) years' W-2 statements
• Most recent 2 years' complete tax returns
• Pay Stubs covering the last (30) days
• Two most recent monthly bank statements
• Most recent transaction summary of 401K, IRA, or Mutual Fund Accounts
• Photocopies of certificates of deposits
• A letter of explanation for any known credit problems
• If you are currently renting, either 12 months of canceled rent checks or the name contact info for current landlord

Also, the following documentation is generally required for each specific type of transaction.

For a Refinance:

• A copy of your current mortgage payment coupon
• Most recent property tax bill.
• HOA bill (if applicable)

For a Purchase:

• A signed purchase contract
• Realtor contact information
• Condo Association contact information.

For a VA Loan:

• DD -214 from VA (Long Form)

If you are divorced:

• A fully executed divorce decree

If you are self-employed, employed in sales, paid by commission, or own rental real estate:

• Two (2) years signed personal tax returns - including all schedules
• If self-employed through a corporation, last two years' corporate returns, as well as a year-to-date profit and loss statement, and balance sheet
• K1s to match the 2-year returns submitted.

Different programs require varying amounts of documentation. The loan program you select may require more or less documentation. Please contact us for a free, no-obligation consultation.

Feel free to download this checklist here.