Mortgage Barb - Loan Documents

Document Requirements

Documents, documents and more documents!

Why so many docs? Are you doing a refinance, line of credit or a purchase? Is this a primary, a secondary or investment loan? What type of property? How much money will you put down vs. what you need to borrow? Are you appling for a No Doc/Stated Income loan?

MortgageBarb.com can help you with the requirements based on the answers to the questions above. For any type of loan, you'll need your social security number, driver's license (passport or greencard), pay stubs (2 years), bank assets (statements).

For Purchases:

Executed copy of purchase contract.
Proof of escrow deposit (monies taken at contract) cashed and cleared account.
Proof of down payment and closing costs in personal account for minimum of 60 days.
Hazard/Flood/Wind Insurance policy covering home for upcoming year.
Condo association information (name, phone number etc.)

For Refinance:

Warranty deed
Pay-off statement (of current mortgage)
Prepayments
Owners title policy
Survey
Hazard/Flood/Wind Insurance policy
Condo association information (name, phone number etc.)

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