VA Purchase

Borrower Documentation Needed

Clear Copies of Drivers License

DD-214 Discharge

Cert of Eligibility

Realtor Contact Info

Signed Purchase Agreement

Property Type (Check Guides)

Copy of Earnest Money Check

Homeowners Agent Info

HOA Yearly DuesLink

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 (3 Months)

Kids Birth Certificates

Rental Properties

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

Gift Funds for Downpayment

Gift Donor Information

Name

Relationship

Cancelled Check

Proof of Deposit to Borrowers Account

Donor Bank Account Transactions

Definition of Large Deposit

If aggregate total of ALL Non-Payroll deposits equals more than 2% of loan amount, the total of all random bank deposits must be sourced or will be subtracted from available balance.

Letter of ExplanationForm

Student Loan Payments

For VA loans, Student Loan debt may be deferred for 12 months after closing OR total student debt is to be figured as as either a) interest only debt, multiplying total debt by 5% and dividing by 12 months or b) the amount on the credit bureau, whichever is GREATER

GuidelineLink

Loan RepaymentCalculator

Collections and Charge offs

Non-Medical Collections more than 5k or newer than 24 months old must be paid off

Check Amount and Age of Collections

Leases

Total Rentals owned (Less than 3)

Rental Property Income

Must have six months reserves to use income to qualify for mortgage

1038 Rental CalcCalculator

Extra forms for VA

Nearest Living Relative Form

EMAIL LOLink

Rights of VA Borrowers

Federal Collection Policy

Request for Ace

GuidelineLink

G-DriveLink

Debt Questionaire

Fully executed 26-1880

Child Care Expense Form

Military Counseling Checklist