You will be asked to support your income with a recent paystub and the prior year’s W-2 form. Self-employed borrowers will be asked to support their income with the prior one or two years’ tax returns. Funds needed to close the transaction will typically be supported with a copy of a recent bank statement. If proceeds from the sale of another property are being used for the down payment, an estimated closing statement on that transaction will be required prior to closing.
Because everyone looks a little bit different on paper with respect to their income sources, asset accounts and credit history, a more complete checklist will be emailed to you once you complete the online application.