{"id":352,"date":"2014-01-30T21:37:18","date_gmt":"2014-01-30T21:37:18","guid":{"rendered":"http:\/\/www.guardianmtginc.com\/?page_id=352"},"modified":"2014-01-30T21:37:18","modified_gmt":"2014-01-30T21:37:18","slug":"352-2","status":"publish","type":"page","link":"https:\/\/www.guardianmtginc.com\/?page_id=352","title":{"rendered":"What is Needed For Loan Application"},"content":{"rendered":"

What is Needed For Loan Application<\/span><\/h1>\n

Organize Your Documents\u00a0<\/span><\/h2>\n

\"shutterstock_57365038\"<\/a>Salaried Borrowers:<\/span><\/h3>\n

\u2022\u00a0 Pay Stubs for all borrowers for the last 30 days.
\n\u2022\u00a0 W-2 Forms for all employment for all borrowers (for the previous 2 years)<\/p>\n

\"shutterstock_57365038\"<\/a>Self-Employed Borrowers:<\/span><\/h3>\n

\u2022\u00a0 Personal & Business Federal Tax Returns (for the last 2 years with all schedules).
\n\u2022 \u00a0\u00a0 1099s if applicable.<\/p>\n

\"shutterstock_57365038\"<\/a>If you own more than 25% of a business:<\/span><\/h3>\n

\u2022\u00a0 Corporate or Partnership Federal Tax Returns (for the last 2 years with all schedules)<\/p>\n

\"shutterstock_57365038\"<\/a>If you receive Rental Income:<\/span><\/h3>\n

\u2022\u00a0 Copies of current Rental Agreement, fully executed.<\/p>\n

\"shutterstock_57365038\"<\/a>If you receive Pension Income:<\/span><\/h3>\n

\u2022\u00a0 Pension award letter\u00a0\u00a0along with a recent check stub or copy of a\u00a0\u00a0 bank statement if the funds are deposited electronically through direct deposit.
\n\u2022\u00a0 2 years of 1099s.<\/p>\n

\"shutterstock_57365038\"<\/a>If you receive Social Security and\/or Disability Income:<\/span><\/h3>\n

\u2022\u00a0 Provide a copy of your award letter along with a recent check stub or copy of a\u00a0\u00a0 bank statement if the funds are deposited electronically through direct deposit.
\n\u2022\u00a0 2 years of 1099s.<\/p>\n

\"shutterstock_57365038\"<\/a>If you are Refinancing:<\/span><\/h3>\n

\u2022\u00a0 Copy of your all Mortgage Statements if there are liens to be paid off.
\n\u2022\u00a0 Copy of your most recent Homeowner’s Insurance bill.<\/p>\n

\"shutterstock_57365038\"<\/a>Asset verification:<\/span><\/h3>\n

\u2022\u00a0 Copy of the past 2 months statements on the following accounts:
\n\u2022\u00a0 Checking, Savings, Mutual Funds, Stock, Bond, Life Insurance, Money Market and Retirement (all pages)<\/p>\n

\"shutterstock_57365038\"<\/a>If you have made any large deposits to your accounts within the last 60 days:<\/span><\/h3>\n

\u2022\u00a0 Source of deposit and explanation letter.
\n\u2022\u00a0 Copy of deposit receipt.
\n\u2022\u00a0 If the deposit was a gift, include a signed gift letter<\/p>\n

\"shutterstock_57365038\"<\/a>If you are Buying a home:<\/span><\/h3>\n

\u2022\u00a0 Purchase agreement signed by all parties.
\n\u2022\u00a0 Copy of Cancelled Earnest Money Check<\/p>\n

\"shutterstock_57365038\"<\/a>For VA loans:<\/span><\/h3>\n

\u2022\u00a0 Copy of DD214 form (aka separation papers)<\/p>\n

\"shutterstock_57365038\"<\/a>Miscellaneous:<\/span><\/h3>\n

\u2022\u00a0 Copy of Driver License for all borrowers.
\n\u2022\u00a0 Copy of Social Security Cards for all borrowers.
\n\u2022\u00a0 If you were a full-time student during the last 2 years, a copy of your diploma or transcripts.
\n\u2022\u00a0 Written explanation of credit variance, including: late payments, credit inquiries within the last 90 days, charge-offs, collections, judgments and\/or liens.
\n\u2022\u00a0 If applicable, 12 months of cancelled alimony checks.
\n\u2022\u00a0 If applicable, 12 months of cancelled child support checks. Copy of court order and Birth Certificate of children.
\n\u2022\u00a0 If you are NOT a US citizen, provide us with a copy of your green card (front & back), or if you are NOT a permanent resident provide us documents to show your residency and Visa status in the United States.<\/p>\n

Please remember that additional documentation may be required, depending upon your specific situation. Do NOT pack any of your important documents. It is normal for lenders to request additional documentation, so keep your important documents handy and please be patient throughout the mortgage application process<\/strong><\/p>\n

<\/h2>\n","protected":false},"excerpt":{"rendered":"

What is Needed For Loan Application Organize Your Documents\u00a0 Salaried Borrowers: \u2022\u00a0 Pay Stubs for all borrowers for the last 30 days. \u2022\u00a0 W-2 Forms for all employment for all borrowers (for the previous 2 years) Self-Employed Borrowers: \u2022\u00a0 Personal & Business Federal Tax Returns (for the last 2 years with all schedules). \u2022 \u00a0\u00a0 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"nf_dc_page":"","pmpro_default_level":"","footnotes":""},"_links":{"self":[{"href":"https:\/\/www.guardianmtginc.com\/index.php?rest_route=\/wp\/v2\/pages\/352"}],"collection":[{"href":"https:\/\/www.guardianmtginc.com\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.guardianmtginc.com\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.guardianmtginc.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.guardianmtginc.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=352"}],"version-history":[{"count":0,"href":"https:\/\/www.guardianmtginc.com\/index.php?rest_route=\/wp\/v2\/pages\/352\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.guardianmtginc.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=352"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}