FirstBank FTHBPacket FinalNoBleeds - Page 8

If you’re thinking of buying a home, paperwork is going to play a big role in securing your mortgage. This
information is critical to helping your lender verify your income and assets. Underwriters have strict requirements
they must follow that may require verification at several points during the application process.
Provide most recent paystubs for 1 month.
Copy of divorce decree.
Provide W-2’s / 1099s for the past two years.
Letter of explanation for all recent credit inquiries.
If VA, provide DD214 & certificate of eligibility.
Copy of enlarged driver’s license
and social security card.
Provide all pages and schedules of last two
years personal Federal tax returns.
If self employed, provide last two years
business tax returns & corporate K-1’s.
If any rental income is received, provide copy
of current lease agreement.
Provide ALL pages of most recent 2 months
statements for all accounts.
Copy of bankruptcy papers, including
all schedules and discharge, and credit
explanation letter for reason of bankruptcy.
Letter of explanation of any late payments,
collections, charge off’s or derogatory credit.
Homeowners Insurance Agent’s
Contact Information.
If funds to close will come from a gift, employ
gift letter from loan officer.
If funds to close will come from sale of home,
provide copy of closing disclosure.
Even with these documents ready, your lender may ask for other supporting information. It’s common for loan
officers to need additional documentation as they work through your loan application. To keep things moving on
your loan, it’s important to respond to your lender as quickly as possible.

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