Conventional Refinance

Borrower Documentation Needed

Clear Copies of Drivers License

Property Type (Check Guides)

Homeowners Agent Info

HOA Yearly Dues

Link needed

Asset Statements (60 Days, ALL Pages)

Joint Access LetterForm

Check for Large Deposits (see definitions)Form

Two Years W-2's (see findings)

30 Days of PaystubsIncome Calc

SSA/Pension/VA Awards Letter

Student Loan Payment Letters

Credit Inquiry LetterLink

BK Paperwork (if Applicable)Link

Sheriffs Deed (if Applicable)Link

Child Support

Child Support Order

Proof of Receipt (6 Months)

Kids Birth Certificates

Rental Properties

Leases

Total Rentals owned (FNM<9,LP<5)

1038 Rental CalcCalculator

Current Mortgage Statement

If Borrower is Self Employed

Two Years Business Tax ReturnsCalculator

K1's and 1120 S Form

Balance Sheet/ YTD P&LForm

Six Months Bank Statements

NO NSF's on Statements

Definition of Large Deposit

Student Loan Payments

For Conventional Loans, the amount showing on the bureau can be used with a IDR Letter to support payment. If in deferment or reporting a zero payment must obtain IDR Letter, use 1% factor OR calculate payment using calculator attached.

GuidelineLink

Loan RepaymentCalculator

Collections and Charge offs

Follow AUS Findings for SFR; O/O not required to be paid off. 2+ units, Second Homes and NOO see guidelines

If aggregate total of ALL Non-Payroll deposits equals more than 50% of monthly income, the total of all random bank deposits must be sourced or will be subtracted from available balance.

Letter of ExplanationForm

File Notes

EMAIL LOLink

GuidelineLink