Not sure if you need certain paperwork?

Please call: 732-223-5144

Or e-mail us at: Info@AdvancedMortgageSolutions.com

• Copy of Purchase Sales Contract or Offer to Purchase and all addenda - Signed by the buyer and seller.
  
• Property Information Listing Sheet or Multiple Listing Service Sheet
  
• Employment history - Name and address of employer(s) for the last two years, dates of employment, 2 years W-2s and 1 months current pay stubs. Explanation of recent gaps in employment, if applicable.
  
• Overtime income - W-2s from the previous two years if overtime income will be used to qualify.
  
• Other income - Documentation of the income received for the past 12 months if such income is used to qualify (for example, interest or dividend income).
  
• Tax Returns - Previous two years' personal federal income tax returns and all schedules of you are:
  
• self-employed
  
• employed in a family business
  
• a tradesman
  
• or receiving all or part of your income from bonus, commission, partnership or trust income
  

• own rental property
  
• have income from an otherwise non-verifiable source, such as corporate ownership, installment sales and tips.
  
• Self-employed borrower - Previous two years' and current year-to-date Profit & Loss Statement and Balance Sheet.
  
• Social Security Number(s) - For both borrower and co-borrower(s).
  
• Checking and savings accounts - Depository institutions' names and addresses, account numbers and balances. Depositories include banks, credit unions and savings banks. Passbook and bank statements from the previous 3 months.
  
• Stocks, bonds, investment accounts - Name and address of broker and previous three months' statements or copies of the stock certificates. A list of serial numbers and issue dates may be acceptable for bonds.
  
• Life insurance policies - Name of insurance company, policy number, face amount and approximate cash value of each policy.
  
• Retirement plan - Approximate value of vested interest and copy of most recent statement.
  
• Automobiles owned - Make and year of each automobile owned and current market value. (Evidence of clear title may be required of owned free and clear.)
  
• Other assets - Estimate of the market value of other assets; i.e., furniture or personal property.
  
• Credit information - For each open account, including credit cards with a zero balance, provide:
  
• Creditor name
  
• Payment amount
  
• Address
  
• Current balance
  
• Account Number
  
• Date paid in full and copy of statement with zero balance (if applicable)
  
• You may also be requested to provide information regarding any application you have made for credit within the last 90 days prior to making application for your mortgage loan.
  

• Divorced or separated borrower - Copy of divorce decree or maintenance agreement, along with any amendments and a 12-month payment history of alimony / child support payments, if such payments are provided or received and are needed to qualify.
  
• Renters - Landlord's name and address and previous 12-month rental payment history. Rent receipts of cancelled checks are acceptable.
  
• Real-estate owned - Name and address of your mortgage lender, account number and most recent year end statement. In addition, if the real estate owned is:
  
• currently rented - a copy of the current lease or rental agreement for each unit
  listed for sale - a copy of the listing agreement
  sold, but not closed - a copy of the sales contract and escrow number
  sold, closed and the proceeds from the sale will be used for the down payment - a copy of the HUD-1 Uniform Settlement Statement
  
• Gift letters - If part of your source of down payment or closing costs is from a gift, a signed letter is needed from the donor to verify that you are not required to repay the funds.
  
• Construction/permanent loan - Signed construction contract with cost breakdown and builder plans.
  
• Affordable housing - Loans underwritten using liberalized guidelines under affordable housing programs may require:
  
• Counseling certificate and / or · Inspection certificate or equivalent
  

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