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Welcome
to Carteret Mortgage!
Your source for consumer information
Option Arms
Construction/Perm
Interest Only
Mortgage
Commercial Loans
Real Estate
Investor
Refinance
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Mortgage Documentation Requirements
Mortgage documentation requirements can seem daunting. When planning for a mortgage application, one important step you can take before you apply is to gather the
mortgage documentation you may need to supply with your mortgage application. Which
mortgage you
select will determine the exact mortgage documentation requirements. I have categorized
the requirements for your convenience. Please email me with any
questions on any
mortgage
documentation requirements. I am always happy to respond to
questions about mortgage documentation requirements.
As an alternative to these full mortgage documentation requirements, we offer a series of
reduced mortgage documentation loans for clients with difficult to verify income or asset
situations or if you are self employed.
Income Documentation
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Last 2 years W2 forms.
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Last 2 pay stubs (covering 1 month).
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Last two years signed 1040s, all schedules if 25% or more of
your income is from self employment, overtime, commissions, or employment by
a relative.
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Last 2 years business tax returns if you own 25% or more of
a business.
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Current business income statement.
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Proof of Social Security, pension, or disability income.
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Asset Information
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Last 2 months bank statements - all pages.
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Last quarter investment or trust accounts
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Copies of stocks, bonds, or US savings bonds
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Current statement for 401(k) or IRA accounts
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Real Estate you now own: address, current value, loan
balance, monthly payment, and rental income if any.
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Listing agreement and sales contract if selling your current
home.
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Value of autos, boats and any other personal property.
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Liability Information
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Complete list of current debts and minimum monthly payments
(may be taken from credit report).
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Last 12 months cancelled checks (front and back) for rent or
land contract.
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If the transaction is a refinance, a copy of your current
mortgage, deed, and survey
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Home Information
Miscellaneous Information which may be required
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College diploma if you graduated within last two years.
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Copy of Drivers License or picture ID prior to closing.
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Gift letter signed by the donor and proof of receipt and
ability to gift the funds.
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Landlords contact information.
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Copy of your earnest money deposit check. Both front and
back will be needed.
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Contact name and phone for the appraiser to access the property.
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Your Realtor's contact information.
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Your insurance agent's contact information
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As a Certified Mortgage
Planning Specialist, I offer an analysis of
your situation today can make suggestions on how small changes in how
your consumer and mortgage debt is structured today can have a life changing effect in the years
to come. Read more
about this free, no obligation service.
New! View
my
Wealthbuilder presentation and learn the safe way to manage your debt
and fund your retirement.
I hope the information on this page was useful to you. Please scroll down
to view my
Mortgage Market Guide. It is a weekly publication explaining the financial markets
from a consumer's perspective that is available on this website or by
email subscription. I have nearly 8,000 subscribers today and would be happy to have you as
well. Your email address will never be used
for any other purpose.
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