Tax Returns<\/h2>\n
Tax returns are the year end tax reports filed with the IRS. You will need to provide the most recent two years of complete federal tax returns for all borrowers applying for the loan. (IRS form 1040 and all attached schedules and business tax returns if applicable)<\/p>\n While most clients keep these saved on their computer or their own personal files, if one is not immediately available, speak to your tax preparer about obtaining new copies. If this is not an option either, copies of tax transcripts<\/a> can be obtained from the IRS (This may take several weeks).<\/p>\n You will need to provide the most recent two years of W2 statements and 1099 statements for all borrowers applying for the mortgage. These are the income statements mailed to you by your employers at the end of the year.<\/p>\n While most clients keep these saved on their computer or their own personal files, if one is not immediately available, replacement copies can often be obtained from the employer\u2019s HR director or Management Staff.<\/p>\n Paystubs are the record receipt attached to a physical paycheck that summarizes your pay and withholdings. You will need to provide the most recent 30 days of paystubs (All current employers for all clients on the loan).<\/p>\n Ideally a paystub should include:<\/strong><\/p>\n Most companies provide these to their employees with each paycheck or direct deposit. Many employers will also provide their employees with online access to view printable copies of their paystubs. If one is not immediately available, replacement copies can often be obtained from the employer\u2019s HR director or Management Staff.<\/p>\n![\"Federal](\"https:\/\/riverbankfinance.com\/blog\/wp-content\/uploads\/2016\/05\/1040-tax-returns-mortgage-documentation.png\")
<\/a><\/p>\nWhat are Tax Returns?<\/h3>\n
Where can I find my Tax Returns to apply for a mortgage?<\/h3>\n
W2 Statements and 1099 Statements<\/h2>\n
![\"W2](\"https:\/\/riverbankfinance.com\/blog\/wp-content\/uploads\/2016\/05\/w2-statement-for-a-home-loan.png\")
<\/a><\/p>\nPaystubs<\/h2>\n
What are Paystubs?<\/h3>\n
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Where can I get copies of my paystubs when applying for a mortgage?<\/h3>\n
Bank Statements<\/h2>\n
![\"Bank](\"https:\/\/riverbankfinance.com\/blog\/wp-content\/uploads\/2016\/05\/bank-statement-example.png\")
<\/a>
![\"Identifying](\"https:\/\/riverbankfinance.com\/blog\/wp-content\/uploads\/2016\/05\/social-security-card-example.png\")
<\/a>![Social Security Card example<\/a><\/p><\/div>\nTo apply for a mortgage you will need to provide documentation to confirm your identity such as drivers licenses and social security cards. Alternate documentation may be accepted. For non-citizens you may need to provide your Visa or Green Card.<\/p>\nOther Required Items to Apply for a Mortgage<\/p>\nWhen applying for a mortgage there may be other required items that you will need to provide to your bank or lender. Also throughout the process of the loan, the underwriter may have additional questions which requires more information.<\/p>\nHere is a short list of other items that may be applicable to your situations and required to get a home loan:<\/strong><\/p>\n\nDriver\u2019s License and Social Security Card (Must be valid)<\/li>\nMost Recent Mortgage Statement (Refinances, or when clients own other properties)<\/li>\nDivorce Decree (If applicable \/ Requested)<\/li>\nBankruptcy \/ Foreclosure Paperwork (If applicable \/ Requested)<\/li>\nPurchase Agreement (Must be fully executed by both the Buyer and Seller)<\/li>\nStudent Loan Documentation<\/li>\nHomeowner\u2019s Insurance Policy (Statement \/ Quote)<\/li>\n<\/ul>\nFor more information on the required documentation to apply for a mortgage please speak with a loan officer by calling 1-800-555-2098 or request information below.<\/p>\n\n\n<\/p> <\/ul><\/div>\n](\"https:\/\/commons.wikimedia.org\/wiki\/File:PD_social_security_card.png\"){kind=link}