•
The purchase contract for the new property. (If
you haven't selected a house yet, don'tworry about this.)
•
Checking and savings account statements for the
past two to three months. (Make certain they include the bank's name,
address, and telephone number.)
• Federal tax
reports for the last two years, pay stubs, W-2 with holding forms, and
other proof of income.
• Any paperwork
on divorces, liens, judgments, and bankruptcy discharges.
• Credit card
bills.
• Details about
long-term debts like car loans, student loans, and revolving or installment
accounts that
will not be paid off within 11 months.
• If you are
self-employed, balance sheets and an income statement of your business.
• Any letters
discussing gifts (from a parent or a relative) to help with the home
purchase. The notarized letter should state that the amount shown is
a gift and not a loan. The lender may have his or her own format or
form for the gift letter that you will need to complete.
