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Initial Documents
What are the initial documents I need to send to a lender or loan originator to start the process of an application?
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8 Replies
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Initially you need to complete the online mortgage loan application. If employed, 2 years W2S, 30 days paycheck stubs, and 60 days of bank statements
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Here’s a link too my standardize doc list: https://docs.google.com/document/d/1j7vBtof2dG3Kp7zIyXW_3YGiUNmQ6oy-cStdZtlYUng/edit?usp=sharing
docs.google.com
Access Google Docs with a personal Google account or Google Workspace account (for business use).
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Thank you for your responses.
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It’s pleasure to help! That’s why Gus created this forum… It’s a way to get in contact with real professionals to ask questions, without having to be sold something… It would be of great help if you share this forum to your friends/family/coworkers… We’re on a mission to cut the fluff and give real relevant information to help people close the gap to homeownership.
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So if I have 3 different employers for the past 2 years, I need to submit W2s for each, right?
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Yes… Your would need to provide W2s for the previous last years for all employers (in this case 2022 & 2021)… Plus your last 30-days of paystubs for your current employers you’re still working with…
If you need any assistance through this process you can schedule a time to speak with me here: https://bit.ly/homeloanconsultation
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Nelson Thompson NMLS# 730257 aka Mortgage Sensei
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No. You go by the most recent job offer letter.
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Nelson Thompson is correct that you need to provide W2s for past 2 years but the qualifying income is based on the most current updated W2 income and current employer