Basic Documentation that May Be Required for a Mortgage Transaction

  • Income
  • If you are a W2 Employee:+

    • - Most Recent 30 Days of Paystubs
    • - Most Recent 2 Years Personal Tax Returns (all pages)

    If you are Self Employed/Schedule C Income:+

    • - Most Recent 2 Years Personal Tax Returns (all pages)
    • - Most Recent 2 Years Business Tax Returns (all pages)

    If you receive Social Security Income: +

    • - Most recent 1099
    • - Social Security Award Letter
    • - Most Recent 2 Years Personal Tax Returns (all pages) or letter stating you are not required to file tax returns

    If you receive Pension Income:+

    • - Most Recent 1099
    • - Pension Award Letter
    • - Most Recent 2 Years Personal Tax Returns (all pages)

    If you receive Annuity Income:+

    • - Annuity Disbursement Letter and Full Statement
    • - Most recent 2 years Personal Tax Returns

    If you receive IRA Income: +

    • - Disbursement Letter and Full Statement
    • - Most Recent 2 Years 1099’s
    • - Most Recent 2 years Personal Tax Returns

    If you receive Child Support Income: +

    • - 6 months bank statements showing the deposits
    • - Divorce Decree or Child Support Order
    • - Most Recent 2 Years Personal Tax Returns (all pages)

    If you receive Alimony Income:+

    • - 6 months bank statements showing the deposits
    • - Divorce Decree (all pages)
    • - Most Recent 2 Years Personal Tax Returns (all pages)

  • Assets
  • Checking/Savings:+

    • - 2 Most Recent Bank Statements - Only of Accounts used for Closing (all pages)

    Gift Funds Documentation:+

    • - Completed Gift Letter provided by RP Funding
    • - Bank Statement from the Gift Donor Showing the Funds to Gift (all pages)

    Retirement Funds: +

    • - 2 Most Recent Statements (all pages)
    • - Terms of Withdraw

    Proceeds from the Sale of a Property: +

    • - Purchase Contract Signed by all Parties
    • - Closing Disclosure Signed by All Parties

  • Additional Documentation (If Applicable)
  • Subject Property for a PURCHASE:+

    • - Signed Purchase Agreement including all addendum
    • - Homeowner's Insurance Quote
    • - Short Sale Approval Letter *(if applicable)

    Subject Property for a REFINANCE:+

    • - Current Mortgage Statement(s)
    • - Current Homeowner's Insurance Declaration Summary Page(s)
    • - Current HOA Statement(s) or letter stating no HOA
    • - Owner's Title Policy
    • - Survey

    If you own other Real Estate:+

    • - Current Mortgage Statement(s)
    • - Current Homeowner’s Insurance Declaration Summary Page(s)
    • - Current Property Tax Statement(s)
    • - Letter Stating your Intentions with your Existing Home if you purchase a new Primary Residence
    • - Current HOA statement or letter stating no HOA dues are required

    Additional Documentation (If Applicable): +

    • - DD-214 (VA Loans Only)
    • - Bankruptcy Discharge and Petition if less than 10 years or less (all pages)
    • - Divorce Decree if 10 years or less (all pages)
    • - Signed Letter Stating your Intentions with your Cash Out Refinance

    • ***Disclaimer - After your loan has been reviewed other documentation may be required in order to finalize your transaction. ***