The documents required for processing the loans are:
Signed copy of agreement of sale or copy of deed if refinance
Current pay stubs and w2 for the past 2 years
Name and address of employee for past 2 years
Details of all other continuing sources
Name, address, account numbers and balance like checking, saving, stock account
Gift complete details on all monetary gifts
Name, addresses, account number and balances for
Charge accounts-personal loans
Auto loans-student loans
Current mortgages
Alimony and child support payment
VOE – verification of employment
The lenders expect to see variations of less than 15percent
Date of employment
Present position
Type of income (base, overtime, commissions, bonus, military)
Current and past 2 years income
Probability of continued employment, bonus or overtime
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