The Sullivan Team

Docs Needed for

Loan Application

All Application Types                          All Application Types, Cont.

W2’s/1099’s for the past 2 years- all borrowers/all jobs

Paystubs for the last 1 month of current employment- all borrowers/all jobs

Any Retirement, Social Security, or Disability Income, Copy of the Award Letter with latest check with amount of current payment & copy of the year-end statement

Federal Income Tax Returns (form 1040), with all schedules for the last 2 years

Home Owner’s Insurance Declaration Page & Invoice with the mortgagee clause: “Finance of America Mortgage LLC It's Successors and/or Assigns PO Box

480 Horsham, PA 19044 (needed once available for the home you will be purchasing)

SELF EMPLOYED: If borrower and/or co- must also provide business tax returns. (Please note: Self- employed borrowers may be required to supply a year-

to-date profit and loss financial statement)

Last 2 months of asset account statements (ALL PAGES) for all asset accounts. (This includes Checking, Savings, Money Market, CD, Stock, Mutual Fund and 401K Statements). Internet print outs are not acceptable to the lender, unless the online statement/print out includes a 60 day transaction history and is from a secure website and shows your name and/or account #. You may also get a print out from your bank with a 60 day history for each account, BUT it must be stamped and signed by the teller

Latest retirement statement(s) - ALL PAGES/all borrowers (401K, IRA, Pension, Annuity)

Last 12 Cancelled Rent or Mortgage Payment Checks or Bank Statements (If available, this will show us your exact principal balance and the balance in your escrow account)

Current landlord’s name, address, and telephone number

Current and up-dated lease for all rental properties Copies of Separation or Divorce Decree; Support Order & Property Settlement Agreement, if applicable along with evidence of payments are current

borrower own(s) 25% or more of any business,

Bankruptcy schedule of debtors and discharge paperwork

If you are using child support or alimony to qualify, you must show past 3 months history printout from Domestic Relations indicating you are receiving payments. Please provide evidence indicating 3 years of continuance of these payments via Birth Certificates

Copy of Green Card for resident alien (front and back) Copies of School Transcripts

Letter of Good Standing from Union

Copy of Social Security Card & Driver’s License ☐ Credit Report Fee $

Appraisal Fee due at time of application

ONLY ON FHA LOANS* If Borrower is living rent-free, a letter from the homeowner is required

VA Borrowers

VA Eligibility Certificate DD214- discharge documents

Docs Specific to Purchase Application

Copy of fully executed agreement of sale for the property being purchase (all pages, all addendums) Real estate listing agreement or agreement of sale for your current home.

Copy of Deposit Check written in Good Faith with Purchase Offer

Docs Specific to Refinance Application

Note, HUD-1/Closing Disclosure from last Refinance or Purchase, Title Policy, Payment Coupon or Mortgage Statement & a copy of a Utility Bill