Borrower Documents Needed for Loan Approval
Get a clear understanding of the documents required for purchase, refinance, and non-QM home loans. Organized lists and comparisons help you prepare for the loan process and close on time.
Documents to Start the Loan Process
Every loan application requires basic documentation to verify your identity, income, and financial stability. These items ensure lenders have the necessary details to evaluate your eligibility.
- Government-issued photo ID
- Social Security Number or Taxpayer Identification Number
- Two most recent pay stubs
- Last two years’ W-2 forms
- Most recent two months of bank statements showing funds to close
- Personal & Business Tax returns for self-employed individuals
- Proof of any additional income such as bonuses or child support
- Copy of divorce decree if recently divorced