Fast Doc Bonus - the documents required and referred to for the Fast Doc Bonus program are loan specific and provided to the consumer once the intent to proceed has been received by the lender

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. ***