CHECK LIST FOR OBTAINING A LOAN
1. Last two years of W-2s
2. Last two years of filed Tax Returns
3. 1 month of paystubs
4. 2 months of bank statements
5. Copy of driver's license
6. Mortgage statements for any mortgages you currently have (if applicable)
Self-Employed:
1. Last two years of filed personal tax returns
2. Last two years of filed business tax returns (if you file a separate return for your business)
3. 2 months of bank statements
4. Copy of driver's license
5. Mortgage statements for any mortgages you currently have (if applicable)
****Note for self-employed people: The bank will loos at your net income. If you took in $100K of income and wrote off $80K of expenses, the bank only thinks you make $20K a year. There are types of loans that can help you work around this issue. It’s smart to consult a loan officer or your CPA before you file your tax return if you’d like to make your return more attractive to a lender.****