Once you begin your application, you'll
need to collect the following:
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Last year’s W-2 form. |
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Signed and dated Federal Tax Returns (1040s)
from the last year, including all schedules. |
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Most recent pay stubs for each
borrower. |
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A copy of your most recent mortgage statement
(if available). |
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A copy of the purchase contract (if
applicable). |
If you are self-employed, you will also
need:
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Last year's signed and dated
tax return, including all schedules, a year-to-date Profit and
Loss (P&L) Statement that is less than 60 days old, and a
current signed Balance Sheet. |
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If you're part of a corporation or
partnership, provide last year's tax return for
corporation/partnership including form K-1, a year-to-date
Profit and Loss (P&L) Statement (less than 60 days old),
and a current signed Balance Sheet. |
Certain applicants will need to supply
additional information:
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If your down payment includes
a cash gift from a friend or relative, you need a copy of the
check or wire transfer showing the donor's name and account
number, plus a copy of the deposit into your bank account.
(This applies only to home purchase loans.) |
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If you receive a Social Security pension or
annuity, provide a copy of the awards letter and a copy of a
recent benefit check. |
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If you own other real estate, provide a
lease/rental agreement if applicable, and copies of property
tax and insurance bills. |
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If you receive alimony or child support,
provide a copy of the divorce decree and evidence of receipt
of income for 12 months (e.g., canceled checks, deposit slips
or bank statements). |
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If you pay alimony or child support,
provide a copy of your divorce decree. |
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If you've had a bankruptcy within the last
seven years, provide a copy of your bankruptcy discharge, a
copy of the petition (including schedules A & B) and an
explanation of the circumstances. |
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If you currently pay rent, provide copies
of rental payments for the last 12 months (may include
canceled checks, bank statements, money orders, etc.) and the
name and address of your landlord for the same time
period. |
1.800.758.4063
info@ulc.com
www.ulc.com
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