What types of documentation do I need for the application?
Based on the loan program you choose, the exact documents required will vary. In general, you should bring the following:

Federal income tax statements and verification of any additional income
Your two most recent W2’s.
Current paycheck stubs
Recent bank statements
Asset and liability information (stocks, bonds, other real estate, etc.)

If you are self employed, plan on being able to provide proof of your self employment. If your business is licensed, then a copy of the business license(s) may be sufficient. An unlicensed but incorporated business may require additional proof to substantiate its existence, such as a Letter from your CPA stating they have prepared your taxes for 2 or more years, that you are self employed and that you file the appropriate Scehdules (notably Schedule "C") for your business type, along with letters from business references such as vendors or clients, as well as any yellow pages listings, websites, or advertising you have done for the business.

 

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