If you are self-employed, you will need the following:
Verification of Income
Full Documentation:
___ YTD profit and loss statement and tax returns for the last two
years.
___ Additional income: social security, veteran's benefits, etc.
will require a current award letter along with proof that the source of
income will continue for three years and a bank statement if direct
deposited to verify receipt. Interest income, rents received and such can be
verified in a number of ways, which should be discussed with your Home123
Mortgage Consultant.
Verification of Your Assets and Debts
Assets:
___ List of bank account numbers, the address of your bank branch.
___ List of savings bonds, stocks, 401K or other investments and
their approximate market values.
Debts:
___ Other debts that are not noted on your credit report, such as
car loans, furniture loans, student loans and other personal and cosigned
installment loans with creditor addresses and phone numbers.
___ Statements for all mortgages, or deeds of trust securing real
property, which must include an account number and customer service phone
number.
___ Alimony or child support payments, which you are required to
make, if not directly deducted from your pay.
Miscellaneous:
___ If no established credit history, supply canceled checks for
rent, utilities and other recurring obligations to show payment history and
amount of revolving debt.
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