Why go to a broker instead of a bank?
What Documentation Will I Need?
The documentation required will depend on a number of factors such as the type of loan, your Income, assets and employment as well as your credit profile. Therefore, some of all of the following may be required: Drivers License or other acceptable ID; copies of pay stubs for each applicant reflecting a minimum of 30 days income as well as YTD earning; names and contact information of employers for the most recent two years; W-2s for two years; Bank and/or Investment account statements for the most recent two months; if self-employed, year-to-date Profit and Loss Statement plus signed income tax returns for the last two years; proof of pension or social security income; information regarding mortgages, revolving and installment loans or other debts; home insurance policy information; and if purchasing, a copy of signed sales contract along with the earnest money deposit check.